To amend title 11, United States Code, to provide an exception to the avoidance of transactions by bankruptcy trustee under section 548 where the transaction was a good faith payment by a parent of post secondary education tuition for that parent's child.
PACT (Protecting All College Tuition) Act of 2015
This bill amends the federal bankruptcy code, with respect to transfers of interests that may be avoided by a bankruptcy trustee, to except tuition payments by a parent to an institution of higher education for the education of that parent's child.
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line