To amend the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 to modify certain provisions relating to multiemployer pensions, and for other purposes. (Sect. 5 of bill amends §507 to make ERISA withdrawal liability a priority claim ahead of administrative expenses.)
To amend the Truth in Lending Act to establish requirements for releasing a cosigner from obligations of a private education loan, for the treatment of the loan upon the death or bankruptcy of a cosigner of the loan, and for other purposes.
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.
To provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes.