/  H.R. 2547 - Comprehensive Debt Collection Improvement Act

H.R. 2547 - Comprehensive Debt Collection Improvement Act

Bill Text

  • Text of H.R. 2547 PDF XML

    (as reported)

  • H. Rept. 117-23 PDF

    Report from the Committee on Financial Services to accompany H.R. 2547

Amendments (click headers to sort)

#Version #Sponsor(s)PartySummaryStatus
1Version 1Craig (MN)DemocratAdds a new section entitled the “Ryan Frascone Memorial Student Loan Relief Act of 2021” to release cosigners of private student loan agreements in the event of the death of the borrower, which will align current law with loans made prior to enactment of the Economic, Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174).Submitted
2Version 1Steil (WI)RepublicanDirects the GAO to study and report to Congress within 1 year about the debt collection process for minority, rural, and urban low-income and underserved borrowers and small businesses with the bill becoming effective upon the report's release.Submitted
3Version 1Luetkemeyer (MO)RepublicanDirects the GAO to study and report to Congress within 1-year about how restricting debt collection will impact low- to moderate-income and minority borrowers with the bill becoming effective upon date of the report's release.Submitted
4Version 1Bonamici (OR), Cohen (TN)DemocratExpands requirements debt collectors must meet to take legal action on a debt, including providing advanced notice of commencing legal action and updates FDCPA to require proof that a debt is legally owed and due.Submitted