To amend section 3716 of title 31, United States Code, to raise to at least the poverty line the amount of Social Security benefits that are exempt from being offset to satisfy student loan debt.

Bill: 113-hr-3927
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2014-01-21
Policy area: Education
Subjects: Government lending and loan guarantees

Higher education

Poverty and welfare assistance

Social security and elderly assistance

Student aid and college costs
Latest action: action_date: 2014-03-20
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Summaries:
action_date: 2014-01-21
action_desc: Introduced in House
text: <p>Raises to the poverty line the amount of social security, railroad retirement, and black lung benefits that are exempt from being offset to satisfy the outstanding balance of principal or interest an individual owes on a loan made, insured, or guaranteed under title IV (Student Assistance) of the Higher Education Act of 1965.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3927 IN THE HOUSE OF REPRESENTATIVES January 21, 2014 Mr. Grayson introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend section 3716 of title 31, United States Code, to raise to at least the poverty line the amount of Social Security benefits that are exempt from being offset to satisfy student loan debt.

1. Amendment to raise to the poverty line the amount of Social Security benefits that are exempt from being offset to satisfy student loan debt (a) Amendment Section 3716(c)(3) of title 31, United States Code, is amended— (1) in clause (i), by inserting after except as provided in clause (ii) the following: or clause (iii) ; and (2) by adding at the end the following new clause: (iii) For purposes of clause (ii), in the case of a claim for student loan debt, in lieu of the exemption amount of $9,000 applicable with respect to payments due an individual under the Social Security Act, the amount of the poverty line shall be the exemption amount. For purposes of this clause— (I) the term student loan debt means the outstanding balance of principal or interest owed on any loan made, insured, or guaranteed under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq. ); and (II) the term poverty line means the annual poverty guideline for the applicable calendar year (as updated annually in the Federal Register by the Department of Health and Human Services under the authority of section 673(2) of the Omnibus Budget Reconciliation Act of 1981) as applicable to a single individual for the year in which the exemption under clause (ii) is applied. . (b) Effective date The amendment made by this Act shall apply with respect to payments made under the Social Security Act after the date that is 90 days after the date of the enactment of this Act.