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HR 423In committeeFinancehouse
Private Student Loan Bankruptcy Fairness Act of 2025
Introduced Jan 15, 2025 by Rep. Steve Cohen
IntroducedCommitteeFloorCongressLaw
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
Latest action · Jan 15, 2025
Referred to the House Committee on the Judiciary.
What it does
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.
Summary by the Congressional Research Service.
Roll-call votes
No floor votes yet — it hasn't reached the floor of either chamber.