To amend title 11 of the United States Code to make debts for student loans dischargeable.

Bill: 116-hr-5899
Sponsor: full_name: Rep. Grothman, Glenn [R-WI-6]
Introduced: 2020-02-13
Policy area: Finance and Financial Sector
Subjects: Bankruptcy

Higher education

Student aid and college costs
Latest action: action_date: 2020-03-10
text: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Summaries:
action_date: 2020-02-13
action_desc: Introduced in House
text: <p><strong></strong></p> <p>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.</p>

tv_txt: I 116th CONGRESS 2d Session H. R. 5899 IN THE HOUSE OF REPRESENTATIVES February 13, 2020 Mr. Grothman (for himself, Mr. Correa , and Mr. Norman ) 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 debts for student loans dischargeable.

1. 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. 2. 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) . 3. 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 debts arising after the date of the enactment of this Act.