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H.R.532: Private Student Loan Bankruptcy Fairness Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Steve Cohen, D-Tenn.
Total Cosponsors 44 (All Democrats)
Introduced Feb. 6, 2013
Latest Major Action Feb. 28, 2013
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See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Private Student Loan Bankruptcy Fairness Act of 2013 - Amends the federal bankruptcy code to limit the non-dischargeability, except in cases of undue hardship, of educational loans to those made, insured, or guaranteed by a governmental unit, or made under any program funded by a governmental unit or any program for which substantially all of the funds are provided by a nonprofit institution (thus allowing the discharge of private educational loan indebtedness without the need to show an undue hardship).

(Source: Congressional Research Service)

Bill Actions

Date Description
Feb. 28, 2013 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Feb. 6, 2013 Referred to the House Committee on the Judiciary.