H. R. 1674
IN THE HOUSE OF REPRESENTATIVES
March 26, 2015
Mr. Cohen (for himself, Mr. Danny K. Davis of Illinois, and Mr. Swalwell of California) 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 2015.
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)—
(ii) and inserting
or at the end.
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.