Administrative State, Regulatory Reform, and Antitrust Subcommittee, Judiciary Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Private Student Loan Bankruptcy Fairness Act of 2019 This bill modifies the treatment of certain student loans in bankruptcy. Specifically it allows private education 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.
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Timeline
Introduced in House
Referred to the House Committee on the Judiciary.
Sponsor introductory remarks on measure. (CR E110-111)
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Introduced in House
Referred to the House Committee on the Judiciary.
Sponsor introductory remarks on measure. (CR E110-111)
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Finance and Financial Sector
BankruptcyHigher educationStudent aid and college costs
Private Student Loan Bankruptcy Fairness Act of 2019
USA116th CongressHR-885| House
| Updated: 3/25/2019
Private Student Loan Bankruptcy Fairness Act of 2019 This bill modifies the treatment of certain student loans in bankruptcy. Specifically it allows private education 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.