diff --git a/src/System.Management.Automation/engine/debugger/Breakpoint.cs b/src/System.Management.Automation/engine/debugger/Breakpoint.cs
index a09f930038..80fc66430a 100644
--- a/src/System.Management.Automation/engine/debugger/Breakpoint.cs
+++ b/src/System.Management.Automation/engine/debugger/Breakpoint.cs
@@ -72,7 +72,7 @@ namespace System.Management.Automation
         protected Breakpoint(string script, ScriptBlock action)
         {
             Enabled = true;
-            Script = script;
+            Script = string.IsNullOrEmpty(script) ? null : script;
             Id = Interlocked.Increment(ref s_lastID);
             Action = action;
             HitCount = 0;
@@ -91,7 +91,7 @@ namespace System.Management.Automation
         protected Breakpoint(string script, ScriptBlock action, int id)
         {
             Enabled = true;
-            Script = script;
+            Script = string.IsNullOrEmpty(script) ? null : script;
             Id = id;
             Action = action;
             HitCount = 0;
diff --git a/src/System.Management.Automation/engine/serialization.cs b/src/System.Management.Automation/engine/serialization.cs
index 283399721d..05dc6b515c 100644
--- a/src/System.Management.Automation/engine/serialization.cs
+++ b/src/System.Management.Automation/engine/serialization.cs
@@ -7096,7 +7096,7 @@ namespace Microsoft.PowerShell
 
         internal static CommandBreakpoint RehydrateCommandBreakpoint(PSObject pso)
         {
-            string script = GetPropertyValue<string>(pso, "Script", RehydrationFlags.MissingPropertyOk);
+            string script = GetPropertyValue<string>(pso, "Script", RehydrationFlags.MissingPropertyOk | RehydrationFlags.NullValueOk);
             string command = GetPropertyValue<string>(pso, "Command");
             int id = GetPropertyValue<int>(pso, "Id");
             bool enabled = GetPropertyValue<bool>(pso, "Enabled");
@@ -7111,7 +7111,7 @@ namespace Microsoft.PowerShell
 
         internal static VariableBreakpoint RehydrateVariableBreakpoint(PSObject pso)
         {
-            string script = GetPropertyValue<string>(pso, "Script", RehydrationFlags.MissingPropertyOk);
+            string script = GetPropertyValue<string>(pso, "Script", RehydrationFlags.MissingPropertyOk | RehydrationFlags.NullValueOk);
             string variableName = GetPropertyValue<string>(pso, "Variable");
             int id = GetPropertyValue<int>(pso, "Id");
             bool enabled = GetPropertyValue<bool>(pso, "Enabled");
diff --git a/test/powershell/Language/Scripting/PSSerializer.Tests.ps1 b/test/powershell/Language/Scripting/PSSerializer.Tests.ps1
new file mode 100644
index 0000000000..a699648a22
--- /dev/null
+++ b/test/powershell/Language/Scripting/PSSerializer.Tests.ps1
@@ -0,0 +1,52 @@
+# Copyright (c) Microsoft Corporation. All rights reserved.
+# Licensed under the MIT License.
+
+Describe 'Tests for lossless rehydration of serialized types.' -Tags 'CI' {
+    BeforeAll {
+        $cmdBp = Set-PSBreakpoint -Command Get-Process
+        $varBp = Set-PSBreakpoint -Variable ?
+        $lineBp = Set-PSBreakpoint -Script $PSScriptRoot/PSSerializer.Tests.ps1 -Line 1
+
+        function ShouldRehydrateLosslessly {
+            [CmdletBinding()]
+            param(
+                [Parameter(Mandatory, ValueFromPipeline)]
+                [ValidateNotNull()]
+                [System.Management.Automation.Breakpoint]
+                $Breakpoint
+            )
+            $dehydratedBp = [System.Management.Automation.PSSerializer]::Serialize($Breakpoint)
+            $rehydratedBp = [System.Management.Automation.PSSerializer]::Deserialize($dehydratedBp)
+            foreach ($property in $Breakpoint.PSObject.Properties) {
+                $bpValue = $Breakpoint.$($property.Name)
+                $rehydratedBpValue = $rehydratedBp.$($property.Name)
+                $propertyType = $property.TypeNameOfValue -as [System.Type]
+                if ($null -eq $bpValue) {
+                    $rehydratedBpValue | Should -Be $null
+                } elseif ($propertyType.IsValueType) {
+                    $bpValue | Should -Be $rehydratedBpValue
+                } elseif ($propertyType -eq [string]) {
+                    $bpValue | Should -BeExactly $rehydratedBpValue
+                } else {
+                    $bpValue.ToString() | Should -BeExactly $rehydratedBpValue.ToString()
+                }
+            }
+        }
+    }
+
+    AfterAll {
+        Remove-PSBreakpoint -Breakpoint $cmdBp,$varBp,$lineBp
+    }
+
+    It 'Losslessly rehydrates command breakpoints' {
+        $cmdBp | ShouldRehydrateLosslessly
+    }
+
+    It 'Losslessly rehydrates variable breakpoints' {
+        $varBp | ShouldRehydrateLosslessly
+    }
+
+    It 'Losslessly rehydrates line breakpoints' {
+        $lineBp | ShouldRehydrateLosslessly
+    }
+}