Private Student Loan Bankruptcy Fairness Act of 2025
HR 423 would change bankruptcy law to allow private student loan debt to be discharged (forgiven) in bankruptcy cases. It amends a section of the Bankruptcy Code that currently makes most student loans non-dischargeable, specifically removing the exception for private loans by revising the language around loan programs. This change would directly affect borrowers with private student loans who file for bankruptcy after the law takes effect. The bill applies only to bankruptcy cases filed on or after its enactment date, not to existing cases.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
President
Introduced Jan 15, 2025
Last action Jan 15, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 15, 2025
Committee
Referred to the House Committee on the Judiciary.
lower
Jan 15, 2025
Introduced
Introduced in House
lower
1 primary · 5 co-sponsors
Sponsors
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