Fairness for Struggling Students Act of 2010
Latest action · Apr 15, 2010 Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S2388-2389)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 15, 2010
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.)
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Apr 15, 2010 to May 3, 2010, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Al Franken | Original | Apr 15, 2010 |
| D-RI | Sheldon Whitehouse | Original | Apr 15, 2010 |
| D-WI | Russell D. Feingold | May 3, 2010 |
Actions 3
Everything that happened, newest first.
- Apr 15, 2010Introduced in Senate
- Apr 15, 2010Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S2388-2389)
- Apr 15, 2010Sponsor introductory remarks on measure. (CR S2388)
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Apr 15, 2010Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.