National Guard and Reservists Debt Relief Extension Act of 2023

What it does

This act 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. The exemption expires on December 19, 2023.

Summary by the Congressional Research Service, Dec 19, 2023 (Public Law). CRS summarizes bills impartially; it does not take positions.