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Easier Discharge of Private Student Loans in Bankruptcy

This act aims to make it easier for citizens to discharge private student loans when filing for bankruptcy. These changes could help indebted individuals achieve a fresh financial start by removing a significant barrier in the bankruptcy process.
Key points
Allows private student loans to be discharged in bankruptcy proceedings, which was previously much more difficult.
Applies to bankruptcy cases commenced on or after the act's effective date, offering a chance for a new financial beginning.
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Expired
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Additional Information
Print number: 117_HR_4907
Sponsor: Rep. Cohen, Steve [D-TN-9]
Process start date: 2021-08-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Private Student Loan Bankruptcy Fairness Act of 2019

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4907.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-08-03.

What are the main provisions?

Key points include:

  • Allows private student loans to be discharged in bankruptcy proceedings, which was previously much more difficult.
  • Applies to bankruptcy cases commenced on or after the act's effective date, offering a chance for a new financial beginning.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Cohen, Steve [D-TN-9].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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