H. R. 2267
IN THE HOUSE OF REPRESENTATIVES
May 12, 2015
Mr. Collins of New York (for himself and Mr. Farenthold) introduced the following bill; which was referred to the Committee on the Judiciary
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.
This Act may be cited as the
The PACT (Protecting All College Tuition) Act of 2015.
Exception to section 548 avoidance
Section 548 of title 11, United States Code, is amended by adding at the end the following:
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).