House Bill 885
116th Congress(2019-2020)
Private Student Loan Bankruptcy Fairness Act of 2019
Introduced
Introduced in House on Jan 30, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
885
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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.
January 30, 2019
03/25/2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
01/30/2019
Referred to the House Committee on the Judiciary.
01/30/2019
Sponsor introductory remarks on measure. (CR E110-111)
01/30/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 3:17:47 PM