Bill
Bill > HR5899
US HR5899
US HR5899To amend title 11 of the United States Code to make debts for student loans dischargeable.
summary
Introduced
02/13/2020
02/13/2020
In Committee
03/10/2020
03/10/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend title 11 of the United States Code to make debts for 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 permits a borrower to discharge, or eliminate, nonprofit, government, or private student loans, as well as obligations to repay educational benefits, scholarships, or stipends, in bankruptcy proceedings. The bill amends Title 11 of the United States Code, which governs bankruptcy, by removing the current exception that prevents student loan debt from being dischargeable. The amendments made by this bill will only apply to debts that arise after the date of the bill's enactment.
Committee Categories
Government Affairs, Justice
Sponsors (3)
Last Action
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. (on 03/10/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/5899/all-info | 02/14/2020 |
| BillText | https://www.congress.gov/116/bills/hr5899/BILLS-116hr5899ih.pdf | 02/21/2020 |
| Bill | https://www.congress.gov/116/bills/hr5899/BILLS-116hr5899ih.pdf.pdf | 02/21/2020 |
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