HR 885
116th Congress
House
Finance and Financial Sector
Bankruptcy
Higher education
Student aid and college costs
Private Student Loan Bankruptcy Fairness Act of 2019
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Jan 30, 2019
Introduced in House
Jan 30, 2019
Referred to the House Committee on the Judiciary.
Jan 30, 2019
Sponsor introductory remarks on measure. (CR E110-111)
Plain-English summary
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.
What's happening now
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Committees of jurisdiction
2