PACT (Protecting All College Tuition) Act of 2015

Bill: 114-hr-2267
Sponsor: full_name: Rep. Collins, Chris [R-NY-27]
Introduced: 2015-05-12
Policy area: Education
Subjects: Bankruptcy

Higher education

Student aid and college costs
Latest action: action_date: 2015-06-01
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Summaries:
action_date: 2015-05-12
action_desc: Introduced in House
text: <p><b> PACT (Protecting All College Tuition) Act of 2015</b></p> <p>This bill amends the federal bankruptcy code, with respect to transfers of interests that may be avoided by a bankruptcy trustee, to except tuition payments by a parent to an institution of higher education for the education of that parent's child. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2267 IN THE HOUSE OF REPRESENTATIVES May 12, 2015 Mr. Collins of New York (for himself and Mr. Farenthold ) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend title 11, United States Code, to provide an exception to the avoidance of transactions by bankruptcy trustee under section 548 where the transaction was a good faith payment by a parent of post secondary education tuition for that parent’s child.

1. Short title This Act may be cited as the The PACT (Protecting All College Tuition) Act of 2015 . 2. Exception to section 548 avoidance Section 548 of title 11, United States Code, is amended by adding at the end the following: (f) A payment of tuition by a parent to an institution of higher education (as defined in either section 101 or 102 of the Higher Education Act) for the education of that parent’s child is not a transfer covered under paragraph (1)(B). .