Andrew's Law
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 19, 2015)
Andrew Prior Act or Andrew's Law
This bill amends the Truth in Lending Act to discharge the repayment obligations of the estate of a borrower and any cosigner of a private educational loan if the borrower dies.
The Consumer Financial Protection Bureau (CFPB) must develop necessary and appropriate safeguards to prevent fraud and abuse in the discharge of those obligations.
The CFPB may promulgate regulations to reinstate those obligations in any case in which it determines that doing so is necessary to protect the public interest.
What just happenedMay 19, 2015
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
- Introduced in SenateMay 19, 2015
- May 19, 2015IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - May 19, 2015IntroReferral10000
Introduced in Senate