HR 2028
112th Congress
House
Finance and Financial Sector
Bankruptcy
Higher education
Student aid and college costs
Private Student Loan Bankruptcy Fairness Act of 2011
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2011
Referred to the Subcommittee on Courts, Commercial and Administrative Law.
May 26, 2011
Referred to the House Committee on the Judiciary.
May 26, 2011
Introduced in House
Plain-English summary
Private Student Loan Bankruptcy Fairness Act of 2011 - Amends the federal bankruptcy code to limit the non-dischargeability, except in cases of undue hardship, of educational loans to those made, insured, or guaranteed by a governmental unit, or made under any program funded by a governmental unit or any program for which substantially all of the funds are provided by a nonprofit institution (thus allowing the discharge of private educational loan indebtedness without the need to show an undue hardship).
What's happening now
Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Committees of jurisdiction
2