H. R. 532
IN THE HOUSE OF REPRESENTATIVES
February 6, 2013
Mr. Cohen (for himself, Mr. Danny K. Davis of Illinois, Mr. George Miller of California, Mr. Conyers, Ms. Lofgren, Ms. Bordallo, Ms. Chu, Mr. Ellison, Mr. Holt, Mr. Johnson of Georgia, Mr. Rangel, Mr. Waxman, Ms. Lee of California, Mr. Courtney, and Ms. Pingree of Maine) introduced the following bill; which was referred to the Committee on the Judiciary
To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans.
This Act may be cited as the
Private Student Loan Bankruptcy
Fairness Act of 2013
Exceptions to discharge
Section 523(a)(8) of title 11, United States Code, is amended—
by striking subparagraph (B), and
in subparagraph (A)—
in clause (i)—
any program for which substantially all of the funds are
provided by a after
unit or, and
in clause (ii)—
or at the
Effective date; application of amendments
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.
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.