HR 5287 · 116th Congress · Finance and Financial Sector

Fair Student Loan Debt Collection Practices Act

Introduced 2019-12-03· Sponsored by Rep. Lawson, Al, Jr. [D-FL-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.(2019-12-19)

Plain Language Summary

[AI summary unavailable — showing source text] Fair Student Loan Debt Collection Practices Act This bill prohibits a debt collector from collecting on federal student loan debt owed by a borrower earning under a certain income. Specifically, a federal student loan debt collector may not attempt to collect if a borrower would qualify for a zero-dollar payment under an income-driven repayment plan. Additionally, a debt collector may not attempt to collect an amount greater than the payment the borrower would owe under such a plan.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 5287, Fair Student Loan Debt Collection Practices Act

Dec 9, 2020

As ordered reported by the House Committee on Financial Services on December 10, 2019

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (1)

1 Democrat
Rep. Pallone, Frank, Jr. [D-NJ-6]NJ