Ryan Frascone Memorial Student Loan Relief Act of 2020

I 116TH CONGRESS 2D SESSION H. R. 7625 To provide for the release of cosigners on private student loans in the case of the death of the student borrower. IN THE HOUSE OF REPRESENTATIVES JULY 16, 2020 Ms. CRAIG introduced the following bill; which was referred to the Committee on Financial Services A BILL To provide for the release of cosigners on private student loans in the case of the death of the student borrower. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Ryan Frascone Memo- 4 rial Student Loan Relief Act of 2020’’. 5 SEC. 2. APPLICABILITY OF CERTAIN AMENDMENTS TO THE 6 TRUTH IN LENDING ACT. 7 Effective on the date of enactment of the Economic 8 Growth, Regulatory Relief, and Consumer Protection Act 9 VerDate Sep 11 2014 04:55 Aug 04, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7625.IH H7625 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 7625 IH (Public Law 115–174), section 601(b) of such Act is 1 amended to read as follows: 2 ‘‘(b) APPLICABILITY.—The amendments made by 3 subsection (a) shall apply to private education loan agree- 4 ments entered into before, on, or after the date of enact- 5 ment of this Act.’’. 6 Æ VerDate Sep 11 2014 04:55 Aug 04, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H7625.IH H7625 kjohnson on DSK79L0C42PROD with BILLS