HR 3315 · 118th Congress · Finance and Financial Sector
National Guard and Reservists Debt Relief Extension Act of 2023
Bill Progress
1
Introduced✓
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 118-24.(2023-12-19)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3315, National Guard and Reservists Debt Relief Extension Act of 2023
Nov 21, 2023As ordered reported by the House Committee on the Judiciary on November 2, 2023
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (3)
1 Democrat2 Republicans