National Guard and Reservists Debt Relief Extension Act of 2019

Bill: 116-s-2128
Sponsor: full_name: Sen. Graham, Lindsey [R-SC]
Introduced: 2019-07-16
Policy area: Finance and Financial Sector
Subjects: Bankruptcy

Consumer credit

Homeland security

Military personnel and dependents

National Guard and reserves
Latest action: action_date: 2019-07-16
text: Read twice and referred to the Committee on the Judiciary.

Summaries:
action_date: 2019-07-16
action_desc: Introduced in Senate
text: <p><strong></strong><b>National Guard and Reservists Debt Relief Extension Act of 2019</b></p> <p>This bill extends for an additional four years the exemption from the means test under Chapter 7 bankruptcy for qualifying members of an Armed Forces reserve component or the National Guard. Currently, the exemption expires on December 19, 2019. </p>

tv_txt: II 116th CONGRESS 1st Session S. 2128 IN THE SENATE OF THE UNITED STATES July 16, 2019 Mr. Graham (for himself, Mrs. Feinstein , Mr. Tillis , Ms. Hirono , Mr. Cornyn , Mr. Durbin , Mrs. Blackburn , Mr. Blumenthal , Ms. Ernst , Ms. Klobuchar , and Mr. Kennedy ) introduced the following bill; which was read twice and referred to the Committee on the Judiciary A BILL To exempt for an additional 4-year period, from the application of the means-test presumption of abuse under chapter 7 of title 11, United States Code, qualifying members of reserve components of the Armed Forces and members of the National Guard who, after September 11, 2001, are called to active duty or to perform a homeland defense activity for not less than 90 days.

1. Short title This Act may be cited as the National Guard and Reservists Debt Relief Extension Act of 2019 . 2. National Guard and reservists debt relief amendment Section 4(b) of the National Guard and Reservists Debt Relief Act of 2008 ( 11 U.S.C. 707 note; Public Law 110–438 ) is amended by striking 11-year and inserting 15-year .