Senate Bill 1262
115th Congress(2017-2018)
Fairness for Struggling Students Act of 2017
Introduced
Introduced in Senate on May 25, 2017
Origin Chamber
Senate
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
1262
Congress
115
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.
Dick Durbin
grade
Illinois
Connecticut
Connecticut
Hawaii
Massachusetts
Michigan
Minnesota
New Hampshire
Oregon
Rhode Island
Rhode Island
Virginia
Wisconsin
No Senate votes have been held for this bill.
Summary
Fairness for Struggling Students Act of 2017
This bill amends federal bankruptcy law to make privately issued student loans dischargeable in bankruptcy. Under current law, student loans (whether issued privately or by a governmental unit) are dischargeable only if excepting the loans from dischargeability would impose undue hardship on the debtor and the debtor's dependents.
May 25, 2017
05/25/2017
Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3217-3218; text of measure as introduced: CR S3217)
05/25/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:36:23 PM