H.R.3451 - Student Loan Bankruptcy Parity Act of 2015114th Congress (2015-2016)
|Sponsor:||Rep. Kildee, Daniel T. [D-MI-5] (Introduced 09/08/2015)|
|Committees:||House - Judiciary|
|Latest Action:||09/28/2015 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. (All Actions)|
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Summary: H.R.3451 — 114th Congress (2015-2016)All Bill Information (Except Text)
Introduced in House (09/08/2015)
Student Loan Bankruptcy Parity Act of 2015
This bill amends the federal bankruptcy code to eliminate the provision that makes certain education debts non-dischargeable in bankruptcy unless repayment imposes an undue hardship.
Specifically it 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.