HR10724Referred to Committee

To amend title 11, United States Code, to clarify the rules for the exceptions to the discharge of the debt of an individual debtor, and for other purposes.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-10-05
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

J. Luis Correa
J. Luis Correa
Democrat · CA · Representative
Votes with party: 94.5% (640 recorded votes)

Full profile: /officials/C001110

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on the Judiciary.

2026-10-05

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Plain-English summary pending. Introduced on 2026-10-05. Check back soon — summaries are generated as bills progress through Congress.

Subjects

Finance and Financial Sector

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10724 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 10724 To amend title 11, United States Code, to clarify the rules for the exceptions to the discharge of the debt of an individual debtor, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES October 5, 2026 Mr. Correa (for himself and Ms. Lee of Florida) introduced the following bill; which was referred to the Committee on the Judiciary _______________________________________________________________________ A BILL To amend title 11, United States Code, to clarify the rules for the exceptions to the discharge of the debt of an individual debtor, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. CLARIFICATION OF EXCEPTION TO DISCHARGE OF INDIVIDUAL DEBTOR. Section 523(a) of title 11, United States Code, is amended-- (1) in paragraph (2)-- (A) by amending subparagraph (A) to read as follows: ``(A) false pretenses used by the debtor, a false representation made by the debtor, or actual fraud committed by the debtor, other than a statement respecting the debtor's or an insider's financial condition;''; (B) in subparagraph (B), in the matter preceding clause (i), by inserting after ``use'' the following: ``, by the debtor,''; and (2) by amending paragraph (4) to read as follows: ``(4) for, when committed by the debtor-- ``(A) fraud or defalcation while acting in a fiduciary capacity; ``(B) embezzlement; or ``(C) larceny;''. <all>
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