US SB1102 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on May 26 2011 - 25% progression, died in chamber
Action: 2012-03-20 - Committee on the Judiciary Subcommittee on Administrative Oversight and the Courts. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 26 2011 - 25% progression, died in chamber
Action: 2012-03-20 - Committee on the Judiciary Subcommittee on Administrative Oversight and the Courts. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Summary
Fairness for Struggling Students Act of 2011 - Revises federal bankruptcy law with respect to the exemption from the exception to discharge in bankruptcy for certain educational loans if excepting such debt from discharge would impose an undue hardship on the debtor and debtor's dependents. Limits such exemption to the existing ones for: (1) an educational benefit overpayment or loan made, insured, or guaranteed by a governmental unit or made under any program funded in whole or in part by a governmental unit; and (2) an obligation to repay funds received from a governmental unit as an educational benefit, scholarship, or stipend. Repeals the current exemption for: (1) any loan made under any program funded in whole or in part by a governmental unit or nonprofit institution; and (2) any other qualified education loan incurred by an individual debtor on behalf of the taxpayer, the taxpayer's spouse, or any dependent, including indebtedness used to refinance a qualified education loan. (Thus makes both kinds of loans nondischargeable in bankruptcy.)
Title
Fairness for Struggling Students Act of 2011
Sponsors
| Sen. Richard Durbin [D-IL] | Sen. Barbara Boxer [D-CA] | Sen. Al Franken [D-MN] | Sen. Tom Harkin [D-IA] |
| Sen. Jack Reed [D-RI] | Sen. Sheldon Whitehouse [D-RI] | Sen. Ron Wyden [D-OR] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-20 | Senate | Committee on the Judiciary Subcommittee on Administrative Oversight and the Courts. Hearings held. |
| 2011-05-26 | Senate | Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S3436-3437) |
| 2011-05-26 | Senate | Sponsor introductory remarks on measure. (CR S3436) |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/1102/all-info |
| Text | https://www.congress.gov/112/bills/s1102/BILLS-112s1102is.pdf |
