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H.R. 2561: FAIR Student Credit Act of 2013

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H.R. 2561: FAIR Student Credit Act of 2013

113th Congress · introduced 2013-06-27 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2013-06-27 · official record
  2. Who proposed it: Rep. Peters, Gary C. [D-MI-14] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

FAIR Student Credit Act of 2013

Plain 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

FAIR Student Credit Act of 2013

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Peters, Gary C. [D-MI-14] · 19 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Shelley Moore Capito (R-WV), Nydia M. Velázquez (D-NY), Joyce Beatty (D-OH), Marlin A. Stutzman (R-IN), Gregory W. Meeks (D-NY), Tim Walberg (R-MI)

Sponsor's campaign money: Rep. Peters, Gary C. [D-MI-14] reported raising $303,094 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Record fed-us-cong113-hr2561 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113