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H.R. 2267 (114th): PACT (Protecting All College Tuition) Act of 2015

The text of the bill below is as of May 12, 2015 (Introduced).


I

114th CONGRESS

1st Session

H. R. 2267

IN THE HOUSE OF REPRESENTATIVES

May 12, 2015

(for himself and Mr. Farenthold) introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

To amend title 11, United States Code, to provide an exception to the avoidance of transactions by bankruptcy trustee under section 548 where the transaction was a good faith payment by a parent of post secondary education tuition for that parent’s child.

1.

Short title

This Act may be cited as the The PACT (Protecting All College Tuition) Act of 2015.

2.

Exception to section 548 avoidance

Section 548 of title 11, United States Code, is amended by adding at the end the following:

(f)

A payment of tuition by a parent to an institution of higher education (as defined in either section 101 or 102 of the Higher Education Act) for the education of that parent’s child is not a transfer covered under paragraph (1)(B).

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