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H.R. 449 · 114th Congress

Discharge Student Loans in Bankruptcy Act of 2015

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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

Amends the federal bankruptcy code to allow the discharge in bankruptcy of an educational loan or an obligation to repay funds received as an educational benefit, scholarship, or stipend. (Currently, those debts are dischargeable only if excepting them from discharge would impose an undue hardship on the debtor and the debtor's dependents.)

What it does: CRS summary · Introduced in House · Jan 21, 2015

Discharge Student Loans in Bankruptcy Act of 2015

Amends the federal bankruptcy code to allow the discharge in bankruptcy of an educational loan or an obligation to repay funds received as an educational benefit, scholarship, or stipend. (Currently, those debts are dischargeable only if excepting them from discharge would impose an undue hardship on the debtor and the debtor's dependents.)

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Discharge Student Loans in Bankruptcy Act of 2015

Latest action (Feb 5, 2015): Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 21, 2015

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.