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H.R. 885

Private Student Loan Bankruptcy Fairness Act of 2019

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.

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

Rep. Cohen, Steve [D-TN-9](D-TN)Sponsor
14 cosponsors14 D
14cosponsors1committees5actions3subjects
  1. Committee

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

    Administrative State, Regulatory Reform, and Antitrust Subcommittee
  2. IntroReferralH11100

    Referred to the House Committee on the Judiciary.

    Judiciary Committee
  3. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR E110-111)

  4. IntroReferralIntro-H

    Introduced in House

  5. IntroReferral1000

    Introduced in House

Private Student Loan Bankruptcy Fairness Act of 2019 — Informed