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HR 4907 117th Congress House Finance and Financial Sector Bankruptcy Higher education Student aid and college costs

Private Student Loan Bankruptcy Fairness Act of 2019

Introduced: August 3, 2021 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 1, 2022
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Aug 3, 2021
Referred to the House Committee on the Judiciary.
Aug 3, 2021
Introduced in House
 Plain-English summary Congressional Research Service

Private Student Loan Bankruptcy Fairness Act of 2019 [sic]

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 November 1, 2022

Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1