FAIR Student Credit Act of 2013
Latest action · Jun 27, 2013 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 27, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Federal Adjustment in Reporting Student Credit Act of 2013 or the FAIR Student Credit Act of 2013 - Amends the Fair Credit Reporting Act, with respect to the responsibilities of furnishers of information to consumer reporting agencies, to provide for the removal of a previously reported default regarding a qualified education loan from a consumer report if the consumer of the loan meets the requirements of a loan rehabilitation program, where the number of consecutive on-time monthly payments are equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965.
Permits a consumer to obtain such rehabilitation benefits only once per loan.
Requires the Comptroller General (GAO) to report on any hurdles borrowers experience with the private loan rehabilitation program.
Cosponsors 19
Members who signed on, in the order they did. Signatures ran from Jun 27, 2013 to Sep 25, 2013; 9 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Carolyn B. Maloney | Original | Jun 27, 2013 |
| D-CO | Jared Polis | Original | Jun 27, 2013 |
| D-OH | Joyce Beatty | Original | Jun 27, 2013 |
| R-IN | Marlin A. Stutzman | Original | Jun 27, 2013 |
| R-NY | Michael G. Grimm | Original | Jun 27, 2013 |
| D-NY | Nydia M. Velázquez | Original | Jun 27, 2013 |
| R-WV | Shelley Moore Capito | Original | Jun 27, 2013 |
| R-AL | Spencer Bachus | Original | Jun 27, 2013 |
| R-WI | Thomas E. Petri | Original | Jun 27, 2013 |
| R-WI | Sean P. Duffy | Jun 28, 2013 | |
| D-NY | Charles B. Rangel | Jul 23, 2013 | |
| D-NY | Gregory W. Meeks | Jul 23, 2013 | |
| D-DE | John C. Carney, Jr. | Jul 23, 2013 | |
| D-MD | John K. Delaney | Jul 23, 2013 | |
| D-MA | Michael E. Capuano | Jul 23, 2013 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jun 27, 2013 |
Actions 2
Everything that happened, newest first.
- Jun 27, 2013Introduced in House
- Jun 27, 2013Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H4145.
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide for the removal of default information from a borrower's credit report with respect to certain rehabilitated education loans.
- Short Titles as Introduced
- FAIR Student Credit Act of 2013
- Federal Adjustment in Reporting Student Credit Act of 2013
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jun 27, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
