3.0.0 2598 2023-01-01T20:17:47Z 2023-01-01T20:17:47Z Senate S 2021-08-04 117 ssju00 Judiciary Committee Senate Standing Referred to 2021-08-04T16:23:08Z 2021-08-04 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2021-08-04 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2021-08-04 True H001089 Sen. Hawley, Josh [R-MO] Josh Hawley R MO 2021-09-15 False Finance and Financial Sector Finance and Financial Sector 00 2021-08-04 Introduced in Senate 2022-01-04T16:33:37Z Fostering Responsible Education Starts with Helping Students Through Accountability, Relief, and Taxpayer Protection Through Bankruptcy Act of 2021 or the FRESH START Through Bankruptcy Act

This bill revises the treatment of student loans in bankruptcy.

The bill makes federal student loan debt dischargeable in a bankruptcy proceeding ten years after the first loan payment is due, in addition to being dischargeable at any time in cases of undue hardship, as under current law.

Further, institutions of higher education that have at least one-third of their students receiving federal student loans must partially repay a student loan to the Department of Education if that loan is later discharged in bankruptcy. The amount the institution must repay is dependent on the institution's average rates of student loan default and repayment.

]]> FRESH START Through Bankruptcy Act Official Title as Introduced A bill to amend title 11, United States Code, to improve the treatment of student loans in bankruptcy, and for other purposes. Introduced in Senate IS Display Title FRESH START Through Bankruptcy Act Short Title(s) as Introduced FRESH START Through Bankruptcy Act Introduced in Senate IS Short Title(s) as Introduced Fostering Responsible Education Starts with Helping Students Through Accountability, Relief, and Taxpayer Protection Through Bankruptcy Act of 2021 Introduced in Senate IS Introduced in Senate 2021-08-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2598is/xml/BILLS-117s2598is.xml 2021-08-04 Read twice and referred to the Committee on the Judiciary. 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.