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H.R. 2547: Comprehensive Debt Collection Improvement Act

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H.R. 2547: Comprehensive Debt Collection Improvement Act

117th Congress · introduced 2021-04-15 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-04-15 · official record
  2. Who proposed it: Rep. Waters, Maxine [D-CA-43] · what a sponsor is
  3. What happened next: 4 recorded votes in our records. Latest: House roll call 138 (2021): On Agreeing to the Amendment, HR2547 (2021-05-13), Agreed to. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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

Comprehensive Debt Collection Improvement Act

Plain summary

Comprehensive Debt Collection Improvement Act This bill 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 reporting agency from adding any information related to a debt arising from a medically necessary procedure to a consumer credit report and places restrictions on the reporting of other types of medical debt; and applies certain consumer protections regarding debt collection to debt owed to a federal agency, states, debt buyers, and businesses engaged in nonjudicial foreclosures. It also prohibits certain loan conditions that limit a borrower's opportunity to be heard in court in the event of default. Additionally, the bill restricts debt collectors and debt collection practices by prohibiting a debt collector from representing to a service member that failure to cooperate with a debt collector will result in a reduction of rank or similar action, and limiting a debt collector's electronic communications with a debtor without the debtor's permission.

Congressional Research Service summary (Reported to 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

Comprehensive Debt Collection Improvement Act

Source: Congressional Research Service summary (Reported to House)

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The strongest published arguments

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

Officials and money

Sponsor: Rep. Waters, Maxine [D-CA-43] · 7 cosponsors

Cost estimate: CBO cost estimate: CBO’s Estimate of Effects on Revenues and Direct Spending of H.R. 2547, the Comprehensive Debt Collection Improvement Act (2021-05-11); CBO cost estimate: Effects on Revenues and Direct Spending of H.R. 2547, the Comprehensive Debt Collection Improvement Act (2021-05-11)

Cosponsors on this site

Gregory W. Meeks (D-NY), Madeleine Dean (D-PA), Emanuel Cleaver (D-MO), Nydia M. Velázquez (D-NY), Jake Auchincloss (D-MA), Ayanna Pressley (D-MA), Rashida Tlaib (D-MI)

Sponsor's campaign money: Rep. Waters, Maxine [D-CA-43] reported raising $1.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr2547 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117