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To amend title 11 of the United States Code to make debts for student loans dischargeable.

2/8/2022, 11:17 PM

Congressional Summary of HR 5899

This bill permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.

Current Status of Bill HR 5899

Bill HR 5899 is currently in the status of Bill Introduced since February 13, 2020. Bill HR 5899 was introduced during Congress 116 and was introduced to the House on February 13, 2020.  Bill HR 5899's most recent activity was Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. as of March 10, 2020

Bipartisan Support of Bill HR 5899

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
1
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5899

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Bankruptcy
- Higher education
- Student aid and college costs

Alternate Title(s) of Bill HR 5899

To amend title 11 of the United States Code to make debts for student loans dischargeable.
To amend title 11 of the United States Code to make debts for student loans dischargeable.

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