H.R. 885 — Introduced in House

I 116th CONGRESS 1st Session H. R. 885 IN THE HOUSE OF REPRESENTATIVES January 30, 2019Mr. Cohen (for himself, Mr. Courtney, Mr. Danny K. Davis of Illinois, Mr. Johnson of Georgia, Mr. McNerney, Ms. Moore, Ms. Norton, Mr. Swalwell of California, Ms. Titus, Mr. Welch, and Mr. Yarmuth) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend title 11 of the United States Code to modify the dischargeability of debts for certain educational payments and loans. 1. Short title This Act may be cited as the Private Student Loan Bankruptcy Fairness Act of 2019. 2. Exceptions to discharge Section 523(a)(8) of title 11, United States Code, is amended— (1) by striking subparagraph (B); and (2) in subparagraph (A)— (A) in clause (i)— (i) by striking (i); and (ii) by inserting any program for which substantially all of the funds are provided by a after unit or; and (B) in clause (ii)— (i) by striking (ii) and inserting (B); and (ii) by striking or at the end. 3. Effective date; application of amendments (a) Effective date 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. (b) 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.