3.0.0 1561 2023-01-12T17:52:49Z 2023-01-12T17:52:49Z Senate S S 2007-06-07 110 ssju00 Judiciary Committee Senate Standing Referred to 2007-06-07T15:04:40Z 2007-06-07 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S7336) IntroReferral 2007-06-07 Sponsor introductory remarks on measure. (CR S7335-7336) IntroReferral B00100 9 Library of Congress 2007-06-07 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N Finance and Financial Sector Bankruptcy Collection of accounts Education Higher education Student loan funds Finance and Financial Sector 00 2007-06-07 Introduced in Senate 2007-07-12T20:06:17Z 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; 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.)

]]> A bill to amend title 11, United States Code, with respect to exceptions to discharge in bankruptcy for certain qualified educational loans. Display Title A bill to amend title 11, United States Code, with respect to exceptions to discharge in bankruptcy for certain qualified educational loans. Official Title as Introduced A bill to amend title 11, United States Code, with respect to exceptions to discharge in bankruptcy for certain qualified educational loans. Introduced in Senate IS Introduced in Senate 2007-06-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1561is/xml/BILLS-110s1561is.xml 2007-06-07 Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S7336) 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.