116 HR 4750 IH: Relief from Excessive Debt Act U.S. House of Representatives 2019-10-18 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I116th CONGRESS1st SessionH. R. 4750IN THE HOUSE OF REPRESENTATIVESOctober 18, 2019Mr. Clay introduced the following bill; which was referred to the Committee on the JudiciaryA BILLTo amend title 11 of the United States Code to make student loans dischargeable.

1.

Short title

This Act may be cited as the Relief from Excessive Debt Act or the RED Act.

2.

Exception to discharge

Section 523(a) of title 11, United States Code, is amended— (1)by striking paragraph (8); and (2)by redesignating paragraphs (9) through (14B) as paragraphs (8) through (14A), respectively.

3.

Conforming amendments

Title 11, United States Code, is amended— (1)in section 704(c)(1)(C)(iv)(I) by striking (14A) and inserting (14); (2)in section 1106(c)(1)(C)(iv)(I) by striking (14A) and inserting (14); (3)in section 1202(c)(1)(C)(iv)(I) by striking (14A) and inserting (14); and (4)in section 1328(a)(2) by striking (8), or (9) and inserting or (8).

4.

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.