House Bill 4750
116th Congress(2019-2020)
RED Act
Introduced
Introduced in House on Oct 18, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4750
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
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.
October 18, 2019
11/15/2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
10/18/2019
Referred to the House Committee on the Judiciary.
10/18/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 4:17:50 AM