RED Act

United States116th CongressHR-4750House of Representatives

Updated: Nov 15, 2019

Summary

Relief from Excessive Debt Act or the RED Act This bill permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.

Bill texts

Available versions

Introduced (House)View official text

1 version available

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Timeline

October 18, 2019
Introduced in House
October 18, 2019
Referred to the House Committee on the Judiciary.
House of Representatives
November 15, 2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
House of Representatives

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Sponsor

Wm. Lacy Clay

Democratic

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Policy area

Finance and Financial Sector

Reported activity

Actions: 4
Amendments: 0
Committees: 1
Cosponsors: 0
Texts: 1
Titles: 4

Committees

Administrative State, Regulatory Reform, and Antitrust Subcommittee
House of Representatives · Subcommittee
Judiciary Committee
House of Representatives · Standing

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Related bills

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Earlier versions

Introduced
In Committee
On Floor
Passed Chamber
Enacted

Subjects

BankruptcyHigher educationStudent aid and college costs

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