H.R. 4750 · 116th Congress
RED Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ClaySponsorNo cosponsors.
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.
What it does: CRS summary · Introduced in House · Oct 18, 2019
Relief from Excessive Debt Act or the RED Act
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: RED Act
Also known as: Relief from Excessive Debt Act
Latest action (Nov 15, 2019): Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 18, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.