HR 423
Private Student Loan Bankruptcy Fairness Act of 2025
Summary
Private Student Loan Bankruptcy Fairness Act of 2025 This bill modifies the treatment of certain student loans in bankruptcy. Specifically, it allows private student loans to be discharged in bankruptcy regardless of whether a debtor demonstrates undue hardship. Under current law, student loans may be discharged in bankruptcy only if the loans impose an undue hardship on the debtor.
Bill status
- Status
- In committee
- Sponsor
- Rep. Steve Cohen [D-TN-9]
- Cosponsors
- 5
- Policy area
- Finance and Financial Sector
- Introduced
- 2025-01-15
- Latest action
- 2025-01-15: Referred to the House Committee on the Judiciary.
Committee referrals
Recent actions
- 2025-01-15: Referred to the House Committee on the Judiciary.
- 2025-01-15: Introduced in House
- 2025-01-15: Introduced in House