HR 423 119th Congress House Finance and Financial Sector

Private Student Loan Bankruptcy Fairness Act of 2025

Introduced: January 15, 2025 Introduced by: Cohen, Steve Democratic · Tennessee See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 15, 2025

Referred to the House Committee on the Judiciary.

Jan 15, 2025

Introduced in House

Plain-English summary Congressional Research Service

Private Student Loan Bankruptcy Fairness Act of 2025

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.

What's happening now January 15, 2025

Referred to the House Committee on the Judiciary.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Judiciary Committee
House of Representatives

Cosponsors 4

Khanna, Ro

California · May 1, 2025

Brownley, Julia

California · Jan 15, 2025

Davis, Danny K.

Illinois · Jan 15, 2025

Moore, Gwen

Wisconsin · Jan 15, 2025

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 423 — Private Student Loan Bankruptcy Fairness Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-423/

MLA

"H.R. 423 — Private Student Loan Bankruptcy Fairness Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-423/.

Bluebook (legal)

H.R. 423, 119th Cong. (2026), https://openamerica.io/bill/119-HR-423/.

Markdown link

[H.R. 423 — Private Student Loan Bankruptcy Fairness Act of 2025](https://openamerica.io/bill/119-HR-423/)