HR 423 · Private Student Loan Bankruptcy Fairness Act of 2025
Referred to the House Committee on the Judiciary.
- Introduced
- Jan 15, 2025
- Latest action
- Jan 15, 2025
- Sponsor
- Rep. Steve Cohen [D-TN-9]
- Policy area
- Finance and Financial Sector
- Cosponsors
- 5
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.
Recent actions
- Jan 15, 2025 Referred to the House Committee on the Judiciary.
- Jan 15, 2025 Introduced in House
- Jan 15, 2025 Introduced in House
Votes
No recorded votes are available for this bill.