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Bill > HR770


US HR770

US HR770
Discharge Student Loans in Bankruptcy Act of 2019


summary

Introduced
01/24/2019
In Committee
03/05/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend title 11 of the United States Code to make student loans dischargeable. This bill permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.

AI Summary

This bill, the Discharge Student Loans in Bankruptcy Act of 2019, would amend the United States Bankruptcy Code to make student loans, including those from nonprofit, government, or private sources, dischargeable in bankruptcy. This means that borrowers would be able to have their student loan obligations eliminated through the bankruptcy process, which is currently not the case under existing law. The bill includes conforming amendments to ensure consistency throughout the Bankruptcy Code, and the changes would apply to bankruptcy cases filed on or after the date of the bill's enactment.

Committee Categories

Government Affairs, Justice

Sponsors (18)

Last Action

Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. (on 03/05/2019)

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