US S2180

Bill

US S2180

Christopher Bryski Student Loan Protection Act Christopher's Law

Introduced
11/30/2017

In Committee
11/30/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Christopher Bryski Student Loan Protection Act Christopher's Law This bill amends the Truth in Lending Act to require a private student loan lender to disclose clearly and conspicuously in writing a cosigner's obligations regarding a private student loan. The Consumer Financial Protection Bureau (CFPB) must publish a model form for such disclosure. The bill prohibits a private student loan lender from taking an adverse action against a borrower (e.g., placing a loan in default or accelerating a loan balance) upon a cosigner's death, disability, or bankruptcy. It also prohibits adverse actions against a cosigner for a borrower's death, disability, or bankruptcy. The CFPB must establish and a private student loan lender must disclose criteria for releasing a cosigner from a private student loan obligation. A private student loan lender must also: provide prompt notice of a cosigner's release; allow a borrower to designate a legal representative to make decisions upon the death or disability of such borrower; and

AI Summary

This bill, the Christopher Bryski Student Loan Protection Act or Christopher's Law, amends the Truth in Lending Act to provide additional protections and disclosures for students and co-signers of private student loans. The key provisions include: requiring lenders to clearly disclose co-signers' obligations, prohibiting adverse actions against borrowers or co-signers due to the death, disability, or bankruptcy of the other party, establishing criteria for automatic release of co-signers, allowing borrowers to designate a legal representative to act on their behalf, and requiring comprehensive counseling for borrowers and co-signers. The bill also amends the Higher Education Act to require certain disclosures to federal student loan borrowers regarding discharge and other options in the event of the borrower's death, disability, or inability to engage in substantial gainful activity.

Committee Categories

Health and Social Services

Sponsors (4)

Bob Menendez (D)*, Cory Booker (D), Kirsten Gillibrand (D), Elizabeth Warren (D),

Last Action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 11/30/2017)

Official Document

https://www.congress.gov/bill/115th-congress/senate-bill/2180/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/senate-bill/2180/all-info
BillText	https://www.congress.gov/115/bills/s2180/BILLS-115s2180is.pdf
Bill	https://www.congress.gov/115/bills/s2180/BILLS-115s2180is.pdf.pdf

Bill	Bill Name	Last Action	Type
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related

Bill > S2180

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary