National Guard and Reservists Debt Relief Extension Act of 2023
- Last Action
- 11/15/2023
Actions
- 2023-11-15Read twice and referred to the Committee on the Judiciary. (text: CR S5549-5550)
- 2023-11-15Introduced in Senate
CRS Summary
As of 2023-11-15 (00)
National Guard and Reservists Debt Relief Extension Act of 2023
This bill extends for an additional four years the exemption from the presumption of abuse means test under Chapter 7 (liquidation) bankruptcy for qualifying members of an Armed Forces reserve component or the National Guard. Specifically, members who, after September 11, 2001, are called to active duty or to perform a homeland defense activity for not less than 90 days qualify for this exemption. Currently, the exemption expires on December 19, 2023.
Cosponsors (8)
- Lindsey Graham (R-SC)
- Sheldon Whitehouse (D-RI)
- John Cornyn (R-TX)
- Amy Klobuchar (D-MN)
- John Kennedy (R-LA)
- Richard Blumenthal (D-CT)
- Thomas Tillis (R-NC)
- Mazie Hirono (D-HI)
Subjects
- Bankruptcy
- Consumer credit
- Homeland security
- Military personnel and dependents
- National Guard and reserves
Sourced from Congress.gov (public domain).
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