National Guard and Reservists Debt Relief Extension Act of 2023

Bill: 118-s-3328
Sponsor: full_name: Sen. Durbin, Richard J. [D-IL]
Introduced: 2023-11-15
Policy area: Finance and Financial Sector
Subjects: Bankruptcy

Consumer credit

Homeland security

Military personnel and dependents

National Guard and reserves
Latest action: action_date: 2023-11-15
text: Read twice and referred to the Committee on the Judiciary. (text: CR S5549-5550)

Summaries:
action_date: 2023-11-15
action_desc: Introduced in Senate
text: <html><body bgcolor="#FFFFFF"><p><strong></strong><b>National Guard and Reservists Debt Relief Extension Act of 2023</b></p> <p>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. </p></body></html>

tv_txt: II 118th CONGRESS 1st Session S. 3328 IN THE SENATE OF THE UNITED STATES November 15, 2023 Mr. Durbin (for himself, Mr. Graham , Mr. Whitehouse , Mr. Cornyn , Ms. Klobuchar , Mr. Kennedy , Mr. Blumenthal , Mr. Tillis , and Ms. Hirono ) 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, 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 2023 . 2. National guard and reservists debt relief amendment Section 4(b) of the National Guard and Reservists Debt Relief Act of 2008 ( Public Law 110–438 ; 122 Stat. 5000) is amended by striking 15-year and inserting 19-year .