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Warren, Nadler introduce bill to allow student loan borrowers bankruptcy relief

A bipartisan group of lawmakers on Thursday introduced legislation to make bankruptcy relief available for student loan borrowers. 

Sens. Elizabeth WarrenElizabeth WarrenOVERNIGHT ENERGY: Biden's Interior Department temporarily blocks new drilling on public lands | Group of GOP senators seeks to block Biden moves on Paris, Keystone | Judge grants preliminary approval for 0M Flint water crisis settlement Senate approves waiver for Biden's Pentagon nominee House approves waiver for Biden's Pentagon nominee MORE (D-Mass.) and Dick DurbinDick DurbinOvernight Defense: House approves waiver for Biden's Pentagon nominee | Biden to seek five-year extension of key arms control pact with Russia | Two more US service members killed by COVID-19 Senate approves waiver for Biden's Pentagon nominee Bipartisan Senate gang to talk with Biden aide on coronavirus relief MORE (D-Ill.), along with Reps. Jerrold NadlerJerrold (Jerry) Lewis NadlerPelosi names 9 impeachment managers Republicans gauge support for Trump impeachment Clyburn blasts DeVos and Chao for 'running away' from 25th Amendment fight MORE (D-N.Y.), John KatkoJohn Michael KatkoRep. John Katko: Why I became the first Republican lawmaker to support impeachment NY Republican says cybersecurity will be a high priority for Homeland Security panel Upton becomes first member of Congress to vote to impeach two presidents MORE (R-N.Y.) and Joe NeguseJoseph (Joe) NegusePelosi names 9 impeachment managers House Judiciary Democrats ask Pence to invoke 25th Amendment to remove Trump LIVE COVERAGE: Congress certifies Biden win after Pennsylvania, Arizona challenges fail MORE (D-Colo.) introduced the Student Borrower Bankruptcy Relief Act of 2019, which would treat student loan debt like other types of consumer debt, according to a Friday statement

“Long before I came to the Senate, I fought my heart out to keep student loans dischargeable in bankruptcy. But over and over again, Congress chipped away at this critical protection for student loan borrowers,” Warren said. "The Student Borrower Bankruptcy Relief Act fully restores this protection." 

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“Americans across the nation are facing crushing student loan debt that is preventing them from purchasing homes and living the true American dream," Nadler said in the statement. "We must ensure that Americans are able to invest in their education and then go on to live quality lives without the cloud of rising debt hanging over their heads."

Warren is among more than 20 people vying for the Democratic Party's 2020 presidential nomination. Fellow candidates Rep. Eric SwalwellEric Michael SwalwellSwalwell compares Trump to bin Laden: They 'inspired and radicalized' Pelosi names 9 impeachment managers House Judiciary Democrats ask Pence to invoke 25th Amendment to remove Trump MORE (D-Calif.) and Sens. Kamala HarrisKamala HarrisHarris takes up temporary residence at Blair House Amanda Gorman captures national interest after inauguration performance Democrats formally elect Harrison as new DNC chair MORE (D-Calif.), Bernie SandersBernie SandersFormer Sanders spokesperson: Biden 'backing away' from 'populist offerings' Amanda Gorman captures national interest after inauguration performance Woman who made Sanders's mittens says she's sold out MORE (I-Vt.) and Amy KlobucharAmy KlobucharA Day in Photos: The Biden Inauguration Senators vet Buttigieg to run Transportation Department Democrats shoot down McConnell's filibuster gambit MORE (D-Minn.) have co-sponsored the bill.