H.R. 2547: Comprehensive Debt Collection Improvement Act

CBO Score

$1.55 billion

Date of Report

Tue May 11th, 2021

CBO Report Details

Legislation Details

117th Congress

To expand and enhance consumer, student, servicemember, and small business protections with respect to debt collection practices, and for other purposes.

Sponsor: Rep. Maxine Waters — D — CA

Generally provides additional financial protections for consumers and places restrictions on debt collection activities. Regarding additional consumer protections, the bill expands certain protections currently applicable to federally backed student loans to private student loans, including by requiring the discharge of a private student loan in the event of the borrower's death or total and permanent disability; prohibits a consumer...

View the full vote history of this bill on GovTrack.us.

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