PRIA Logo™
118-hr-3315118th CongressWALLET

National Guard and Reservists Debt Relief Extension Act of 2023

Sponsored By: Representative Cohen, Steve [D-TN-9]

Became Law

Summary

Extends bankruptcy protection for eligible National Guard members and reservists. It amends the National Guard and Reservists Debt Relief Act of 2008 by lengthening the period during which the Chapter 7 means‑test presumption of abuse does not apply from 15 years to 19 years. The change covers reserve component members and National Guard members who, after September 11, 2001, were called to active duty or to perform a homeland defense activity for at least 90 days, adding a four‑year eligibility window.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Longer bankruptcy relief for Guard and Reservists

If you served in the National Guard or Reserves and were called to active duty or homeland defense for at least 90 days after September 11, 2001, you get extra help in Chapter 7 bankruptcy. The law extends this protection from 15 years to 19 years after your qualifying service ends. During this 19-year window, the court does not automatically treat your case as abuse under the means test. This change is now in effect.

Sponsors & CoSponsors

Sponsor

Cohen, Steve [D-TN-9]

TN • D

Cosponsors

  • Rep. Cline, Ben [R-VA-6]

    VA • R

    Sponsored 5/15/2023

  • Rep. Dean, Madeleine [D-PA-4]

    PA • D

    Sponsored 5/15/2023

  • Rep. Burchett, Tim [R-TN-2]

    TN • R

    Sponsored 5/15/2023

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation