H.R. 4750 · 116th Congress
RED Act
- Stage
- In committee
- Sponsor
- Wm. Clay
- Introduced
- 2019-10-18
- Latest action
- 2019-11-15 · Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
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.