US Congress Senate Bill 729 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 16)
Status: Introduced on March 12 2015 - 25% progression, died in committee
Action: 2015-03-12 - Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S1497)
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [PDF]

Fairness for Struggling Students Act of 2015 Revises federal bankruptcy law with respect to the exemption from the exception to discharge in bankruptcy for certain educational loans if excepting such debt from discharge would impose an undue hardship on the debtor and debtor's dependents. Limits such exemption to the existing ones for: (1) an educational benefit overpayment or loan made, insured, or guaranteed by a governmental unit or made under any program funded in whole or in part by a governmental unit; and (2) an obligation to repay funds received from a governmental unit as an educational benefit, scholarship, or stipend. Repeals the current exemption for: (1) any loan made under any program funded in whole or in part by a nonprofit institution; and (2) any other qualified education loan incurred by an individual debtor on behalf of the taxpayer, the taxpayer's spouse, or any dependent, including indebtedness used to refinance a qualified education loan. (Thus makes both kinds of loans nondischargeable in bankruptcy.)

Fairness for Struggling Students Act of 2015

Sen. Richard Durbin [D-IL]	Sen. Sheldon Whitehouse [D-RI]	Sen. Al Franken [D-MN]	Sen. Richard Blumenthal [D-CT]
Sen. Patty Murray [D-WA]	Sen. Jack Reed [D-RI]	Sen. Elizabeth Warren [D-MA]	Sen. Ron Wyden [D-OR]
Sen. Barbara Boxer [D-CA]	Sen. Tim Kaine [D-VA]	Sen. Brian Schatz [D-HI]	Sen. Kirsten Gillibrand [D-NY]
Sen. Mazie Hirono [D-HI]	Sen. Christopher Murphy [D-CT]	Sen. Debbie Stabenow [D-MI]	Sen. Tammy Baldwin [D-WI]

Date	Chamber	Action
2015-03-12	Senate	Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S1497)

HB1131 (Related) 2015-04-29 - Referred to the Subcommittee on Higher Education and Workforce Training.
SB473 (Related) 2015-02-12 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/729/all-info
Text	https://www.congress.gov/114/bills/s729/BILLS-114s729is.pdf