Durbin, Graham Applaud Passage Of National Guard And Reservists Debt Relief Extension Act
WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL), Chair of the Senate Judiciary Committee, and U.S. Senator Lindsey Graham (R-SC), Ranking Member of the Senate Judiciary Committee, today applauded the passage of their bipartisan National Guard and Reservists Debt Relief Extension Act, which reauthorizes relief for an additional four years for qualifying members of the National Guard and Reserves experiencing financial hardship. The legislation will protect a long-standing bipartisan carveout from means-testing restrictions in Chapter 7 bankruptcy cases. The legislation passed the House of Representatives earlier this week, and today, the legislation was passed in the Senate. The bill will now head to the President’s desk for his signature. “Declaring bankruptcy is a difficult choice for any American, and that option should be assessed using an accurate depiction of a person’s income and financial standing. Our National Guard members and reservists
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