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HR 138 118th Congress House Finance and Financial Sector Bankruptcy Higher education Student aid and college costs

Private Student Loan Bankruptcy Fairness Act of 2023

Introduced: January 9, 2023 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 9, 2023
Referred to the House Committee on the Judiciary.
Jan 9, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Private Student Loan Bankruptcy Fairness Act of 2023

This bill modifies the treatment of certain student loans in bankruptcy.

Specifically, it allows private student 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 January 9, 2023

Referred to the House Committee on the Judiciary.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4
D
Moore, Gwen
Wisconsin · Jan 12, 2023
 D
Brownley, Julia
California · Jan 9, 2023
 D
Davis, Danny K.
Illinois · Jan 9, 2023
 D
Khanna, Ro
California · Jan 9, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 138: Private Student Loan Bankruptcy Fairness Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-138/
MLA
"H.R. 138: Private Student Loan Bankruptcy Fairness Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-138/.
Bluebook (legal)
H.R. 138, 118th Cong. (2026), https://openamerica.io/bill/118-HR-138/.
Markdown link
[H.R. 138: Private Student Loan Bankruptcy Fairness Act of 2023](https://openamerica.io/bill/118-HR-138/)
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