S.Amdt. 3765Senate111th Congress (2009-2011)2nd degree

S.Amdt. 3765

Sponsored by Al  Franken Sen. Al Franken (D-MN)
Submitted May 3, 2010

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Senate amendment submitted

May 3, 2010

Text

Submitted

SA 3765. Mr. FRANKEN (for himself, Mr. Durbin, and Mr. Whitehouse)
submitted an amendment intended to be proposed to amendment SA 3739
proposed by Mr. Reid (for Mr. Dodd (for himself and Mrs. Lincoln)) to
the bill S. 3217, to promote the financial stability of the United
States by improving accountability and transparency in the financial
system, to end ``too big to fail'', to protect the American taxpayer by
ending bailouts, to protect consumers from abusive financial services
practices, and for other purposes; which was ordered to lie on the
table; as follows:

At the end of title II, add the following:

SEC. 212. EXCEPTIONS TO DISCHARGE IN BANKRUPTCY.

Section 523(a)(8) of title 11, United States Code, is
amended by striking ``dependents, for'' and all that follows
through the end of subparagraph (B) and inserting
``dependents, for 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 or an obligation to repay funds received
from a governmental unit as an educational benefit,
scholarship, or stipend;''.
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