Student Borrower Bankruptcy Relief Act of 2019

Bill: 116-s-1414
Sponsor: full_name: Sen. Durbin, Richard J. [D-IL]
Introduced: 2019-05-09
Policy area: Finance and Financial Sector
Subjects: Bankruptcy

Higher education

Student aid and college costs
Latest action: action_date: 2019-05-09
text: Read twice and referred to the Committee on the Judiciary.

Summaries:
action_date: 2019-05-09
action_desc: Introduced in Senate
text: <p><strong></strong><b>Student Borrower Bankruptcy Relief Act of 2019</b></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: II 116th CONGRESS 1st Session S. 1414 IN THE SENATE OF THE UNITED STATES May 9, 2019 Mr. Durbin (for himself, Ms. Warren , Ms. Baldwin , Mr. Blumenthal , Mr. Brown , Ms. Harris , Ms. Hirono , Ms. Klobuchar , Mr. Leahy , Mr. Markey , Mr. Merkley , Mr. Reed , Mr. Sanders , Mrs. Shaheen , Mr. Van Hollen , Mr. Whitehouse , and Ms. Hassan ) introduced the following bill; which was read twice and referred to the Committee on the Judiciary A BILL To provide bankruptcy relief for student borrowers.

1. Short title This Act may be cited as the Student Borrower Bankruptcy Relief Act of 2019 . 2. Amendments (a) Exception to discharge Section 523 of title 11, United States Code, is amended in subsection (a), by striking paragraph (8). (b) Conforming amendment Section 1328(a)(2) of title 11, United States Code, is amended by striking (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 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, United States Code, on or after the date of enactment of this Act.