Bill
Bill > S2598
US S2598
US S2598FRESH START Through Bankruptcy Act Fostering Responsible Education Starts with Helping Students Through Accountability, Relief, and Taxpayer Protection Through Bankruptcy Act of 2021
summary
Introduced
08/04/2021
08/04/2021
In Committee
08/04/2021
08/04/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend title 11, United States Code, to improve the treatment of student loans in bankruptcy, and for other purposes.
AI Summary
This bill, the Fostering Responsible Education Starts with Helping Students Through Accountability, Relief, and Taxpayer Protection Through Bankruptcy Act of 2021 (or the "FRESH START Through Bankruptcy Act"), amends the U.S. Bankruptcy Code to improve the treatment of student loans. Specifically, it changes the exceptions to discharge for certain educational loans, allowing for their discharge if repaying them would impose an "undue hardship" on the debtor and their dependents. Additionally, the bill requires institutions of higher education with high default and low repayment rates to pay a portion of discharged student loans back to the Department of Education, providing an incentive for these schools to better support their students' financial well-being.
Committee Categories
Justice
Sponsors (3)
Last Action
Read twice and referred to the Committee on the Judiciary. (on 08/04/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/2598/all-info |
| BillText | https://www.congress.gov/117/bills/s2598/BILLS-117s2598is.pdf |
| Bill | https://www.congress.gov/117/bills/s2598/BILLS-117s2598is.pdf.pdf |
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