Fairness for Struggling Students Act of 2010

Summary

Fairness for Struggling Students Act of 2010 - 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.)

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Timeline

1. 15 April 2010

   Introduced

   Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S2388-2389)

   Source: IntroReferral

2. 15 April 2010

   Introduced

   Sponsor introductory remarks on measure. (CR S2388)

   Source: IntroReferral

3. 15 April 2010

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 15 April 2010 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 April 2010

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 April 2010

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 15 April 2010

  Open at official source

Sponsors

• Richard Durbin · D · Sponsor
• Sen. Franken, Al [D-MN] · D · Sponsor
• Sheldon Whitehouse · D · Sponsor
• Sen. Feingold, Russell D. [D-WI] · D · Cosponsor
• · ssju00 · Standing

Related records

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