118th Congress · SENATE BILLBILL

S. 3328 — National Guard and Reservists Debt Relief Extension Act of 2023

“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.”

Finance and financial sector

Introduced Nov 15, 2023

Last action Nov 15, 2023

Pipeline · Bill → Law

Step 1

Introduced

Nov 15, 2023

Step 2

Referred

Nov 15, 2023

the Judiciary

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Nov 15, 2023

Introduced in Senate

Nov 15, 2023

Read twice and referred to the Committee on the Judiciary.