H.R. 423 · 119th Congress
Private Student Loan Bankruptcy Fairness Act of 2025
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D
CohenSponsor5 cosponsors · 5 D
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill modifies the treatment of certain student loans in bankruptcy.
What it does: CRS summary · Introduced in House · Jan 15, 2025
Private Student Loan Bankruptcy Fairness Act of 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Private Student Loan Bankruptcy Fairness Act of 2025
Latest action (Jan 15, 2025): Referred to the House Committee on the Judiciary.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 15, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.