Latest Action
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
11/15/2019 • House
Summary
Relief from Excessive Debt Act or the RED Act
This bill permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.
Introduced in House • 10/18/2019
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Topics & Subjects
Policy Area: Finance and Financial Sector
BankruptcyHigher educationStudent aid and college costs
Congressional Votes (0)
No recorded votes yet
Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (1)
Sponsor
R[
No cosponsors yet
Cosponsors may be added as the bill moves through Congress
Bill Journey
Originated in the House
Introduced
October 18, 2019
Referred to the House Committee on the Judiciary.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House10/18/2019