HR 1674
114th Congress
House
Finance and Financial Sector
Bankruptcy
Higher education
Student aid and college costs
Private Student Loan Bankruptcy Fairness Act of 2015
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2015
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Mar 26, 2015
Sponsor introductory remarks on measure. (CR E446)
Mar 26, 2015
Referred to the House Committee on the Judiciary.
Mar 26, 2015
Introduced in House
Plain-English summary
Private Student Loan Bankruptcy Fairness Act of 2015
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 Regulatory Reform, Commercial And Antitrust Law.
Committees of jurisdiction
2