Discharge Student Loans in Bankruptcy Act of 2017

Bill: 115-hr-2366
Sponsor: full_name: Rep. Delaney, John K. [D-MD-6]
Introduced: 2017-05-04
Policy area: Finance and Financial Sector
Subjects: Bankruptcy

Higher education

Student aid and college costs
Latest action: action_date: 2017-06-07
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Summaries:
action_date: 2017-05-04
action_desc: Introduced in House
text: <p><strong>Discharge Student Loans in Bankruptcy Act of </strong><b>2017</b></p> <p>This bill amends the federal bankruptcy code to permit a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2366 IN THE HOUSE OF REPRESENTATIVES May 4, 2017 Mr. Delaney (for himself, Mr. Katko , Mr. Perlmutter , Mr. Lowenthal , Ms. Castor of Florida , Mr. Veasey , Mr. Tonko , Mrs. Dingell , Ms. Sinema , and Ms. Lofgren ) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend title 11 of the United States Code to make student loans dischargeable.

1. Short title This Act may be cited as the Discharge Student Loans in Bankruptcy Act of 2017 . 2. Exception to discharge Section 523(a) of title 11, United States Code, is amended— (1) by striking paragraph (8); and (2) by redesignating paragraphs (9) through (14B) as paragraphs (8) through (14A), respectively. 3. Conforming amendments Title 11, United States Code, is amended— (1) in section 704(c)(1)(C)(iv)(I) by striking (14A) and inserting (14) ; (2) in section 1106(c)(1)(C)(iv)(I) by striking (14A) and inserting (14) ; (3) in section 1202(c)(1)(C)(iv)(I) by striking (14A) and inserting (14) ; and (4) in section 1328(a)(2) by striking (8), or (9) and inserting or (8) . 4. Effective date; application of amendments (a) Effective date Except as provided in subsection (b), this Act and the amendments made by this Act shall take effect on the date of the enactment of this Act. (b) Application of amendments The amendments made by this Act shall apply only with respect to cases commenced under title 11 of the United States Code on or after the date of the enactment of this Act.