RED Act

I 116TH CONGRESS 1ST SESSION H. R. 4750 To amend title 11 of the United States Code to make student loans dischargeable. IN THE HOUSE OF REPRESENTATIVES OCTOBER 18, 2019 Mr. CLAY introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend title 11 of the United States Code to make student loans dischargeable. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Relief from Excessive 4 Debt Act’’ or the ‘‘RED Act’’. 5 SEC. 2. EXCEPTION TO DISCHARGE. 6 Section 523(a) of title 11, United States Code, is 7 amended— 8 (1) by striking paragraph (8); and 9 VerDate Sep 11 2014 02:53 Oct 24, 2019 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H4750.IH H4750 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 4750 IH (2) by redesignating paragraphs (9) through 1 (14B) as paragraphs (8) through (14A), respec- 2 tively. 3 SEC. 3. CONFORMING AMENDMENTS. 4 Title 11, United States Code, is amended— 5 (1) in section 704(c)(1)(C)(iv)(I) by striking 6 ‘‘(14A)’’ and inserting ‘‘(14)’’; 7 (2) in section 1106(c)(1)(C)(iv)(I) by striking 8 ‘‘(14A)’’ and inserting ‘‘(14)’’; 9 (3) in section 1202(c)(1)(C)(iv)(I) by striking 10 ‘‘(14A)’’ and inserting ‘‘(14)’’; and 11 (4) in section 1328(a)(2) by striking ‘‘(8), or 12 (9)’’ and inserting ‘‘or (8)’’. 13 SEC. 4. EFFECTIVE DATE; APPLICATION OF AMENDMENTS. 14 (a) EFFECTIVE DATE.—Except as provided in sub- 15 section (b), this Act and the amendments made by this 16 Act shall take effect on the date of the enactment of this 17 Act. 18 (b) APPLICATION OF AMENDMENTS.—The amend- 19 ments made by this Act shall apply only with respect to 20 cases commenced under title 11 of the United States Code 21 on or after the date of the enactment of this Act. 22 Æ VerDate Sep 11 2014 02:53 Oct 24, 2019 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H4750.IH H4750 pamtmann on DSKBC07HB2PROD with BILLS