,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #deaa  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bi1 #bjad ,mr4
 ,bi%op ( ,new ,york 7= himself1 ,mrs4  
,mc,carthy ( ,new ,york1 ,mr4 ,h9ojosa1 
,mr4 ,takano1 ,ms4 ,bonamici1 ,mr4      
,cony]s1 ,mr4 ,fattah1 ,mr4 ,cumm+s1    
,ms4 ,bass1 ,mr4 ,moran1 ,mr4 ,wel*1 &  
,mr4 ,loebsack7 introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,tru? 9 ,l5d+ ,act to e/abli%         
requirem5ts = ! treatm5t ( a private    
education loan ^u ! dea? or bankruptcy (
 a cosign] ( ! loan4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,protect+     
,/ud5ts ,f ,automatic ,default ,act (   
#bjad4  #b4 ,requirem5ts = private      
educational l5d]s  7a7 ,9 g5]al ,section
 #adj ( ! ,tru? 9 ,l5d+ ,act 7#ae       
,u4,s4,c4 #afej7 is am5d$ by add+ at !  
end ! foll[+ new subsection3  7g7 ,dea? 
or bankruptcy ( a cosign] on a private  
education loan  7#a7 ,9 g5]al ,not)/&+  
any provision 9 a private education loan

 agreem5t1 a private educational l5d]   
%all imm$iately notify a borr[] if1 ^u  
receiv+ notification ( ! dea? or        
bankruptcy ( a cosign] :o is jo9tly     
liable = ! private education loan1 su*  
l5d] deems ! borr[] to be 9 default1    
*anges ! t]ms ( ! loan1 or accel]ates ! 
repaym5t t]ms ( ! loan4  7#b7 ,new      
cosign] ,a private educational l5d] %all
 provide a p]iod ( "t ( n less ?an #ij  
days1 beg9n+ on ! date su* l5d] issues !
 notification describ$ 9 subsection 7a71
 = a borr[] to id5tify a new cosign] = !
 loan4 ,su* l5d] %all reta9 ! "r to     
r5egotiate loan t]ms bas$ on !          
cr$itwor?9ess ( ! new cosign]4  4  7b7  
,rule ( con/ruction ,! am5dm5ts made by 
?is ,act %all apply to any private      
education loan agreem5ts 9 exi/5ce on ! 
date ( enactm5t ( ?is ,act or ent]$ into
 aft] ! date ( enactm5t ( ?is ,act4