HR 4750 · 116th Congress · Finance and Financial Sector

RED Act

Introduced 2019-10-18· Sponsored by Rep. Clay, Wm. Lacy [D-MO-1]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.(2019-11-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only