[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4907 Introduced in House (IH)]
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117th CONGRESS
1st Session
H. R. 4907
To amend title 11 of the United States Code to modify the
dischargeability of debts for certain educational payments and loans.
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IN THE HOUSE OF REPRESENTATIVES
August 3, 2021
Mr. Cohen (for himself, Mr. Danny K. Davis of Illinois, and Mr.
Swalwell) introduced the following bill; which was referred to the
Committee on the Judiciary
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A BILL
To amend title 11 of the United States Code to modify the
dischargeability of debts for certain educational payments and loans.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Private Student Loan Bankruptcy
Fairness Act of 2019''.
SEC. 2. EXCEPTIONS TO DISCHARGE.
Section 523(a)(8) of title 11, United States Code, is amended--
(1) by striking subparagraph (B); and
(2) in subparagraph (A)--
(A) in clause (i)--
(i) by striking ``(i)''; and
(ii) by inserting ``any program for which
substantially all of the funds are provided by
a'' after ``unit or''; and
(B) in clause (ii)--
(i) by striking ``(ii)'' and inserting
``(B)''; and
(ii) by striking ``or'' at the end.
SEC. 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 cases commenced under title 11 of the
United States Code on or after the date of the enactment of this Act.
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