S.2460: Christopher's Law

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about education
You can read the bill
Sponsor Robert Menendez, D-N.J.
Total Cosponsors 2 (All Democrats)
Introduced June 10, 2014
Latest Major Action July 31, 2014
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See it on C-SPAN

Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Christopher Bryski Student Loan Protection Act or Christopher's Law - Amends the Truth in Lending Act to require lenders of private education loans to:

  • describe clearly and conspicuously, in writing, the cosigners' obligations regarding such loans, including the effect a borrower's or cosigner's death, disability, or inability to engage in any substantial gainful activity would have on such obligations;
  • require the borrower to designate an individual to have the legal authority to act on behalf of the borrower in the event of the borrower's death, disability, or inability to engage in any substantial gainful activity; and
  • ensure that the borrower, and any cosigner, receives comprehensive information on the loan's terms and conditions and the borrower's responsibilities with respect to such loan.

Directs the Consumer Financial Protection Bureau (CFPB) to publish a model form for describing a cosigner's obligations regarding private ed...

(Source: Congressional Research Service)

Bill Actions

Date Description
July 31, 2014 Committee on Banking, Housing, and Urban Affairs. Hearings held.
June 10, 2014 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.