[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3927 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 3927

 To amend section 3716 of title 31, United States Code, to raise to at 
least the poverty line the amount of Social Security benefits that are 
         exempt from being offset to satisfy student loan debt.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 21, 2014

 Mr. Grayson introduced the following bill; which was referred to the 
                       Committee on the Judiciary

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                                 A BILL


 
 To amend section 3716 of title 31, United States Code, to raise to at 
least the poverty line the amount of Social Security benefits that are 
         exempt from being offset to satisfy student loan debt.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AMENDMENT TO RAISE TO THE POVERTY LINE THE AMOUNT OF SOCIAL 
              SECURITY BENEFITS THAT ARE EXEMPT FROM BEING OFFSET TO 
              SATISFY STUDENT LOAN DEBT.

    (a) Amendment.--Section 3716(c)(3) of title 31, United States Code, 
is amended--
            (1) in clause (i), by inserting after ``except as provided 
        in clause (ii)'' the following: ``or clause (iii)''; and
            (2) by adding at the end the following new clause:
    ``(iii) For purposes of clause (ii), in the case of a claim for 
student loan debt, in lieu of the exemption amount of $9,000 applicable 
with respect to payments due an individual under the Social Security 
Act, the amount of the poverty line shall be the exemption amount. For 
purposes of this clause--
            ``(I) the term `student loan debt' means the outstanding 
        balance of principal or interest owed on any loan made, 
        insured, or guaranteed under title IV of the Higher Education 
        Act of 1965 (20 U.S.C. 1070 et seq.); and
            ``(II) the term `poverty line' means the annual poverty 
        guideline for the applicable calendar year (as updated annually 
        in the Federal Register by the Department of Health and Human 
        Services under the authority of section 673(2) of the Omnibus 
        Budget Reconciliation Act of 1981) as applicable to a single 
        individual for the year in which the exemption under clause 
        (ii) is applied.''.
    (b) Effective Date.--The amendment made by this Act shall apply 
with respect to payments made under the Social Security Act after the 
date that is 90 days after the date of the enactment of this Act.
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