[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2896 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2896

  To amend title 31, United States Code, to adjust for inflation the 
amount that is exempt from administrative offsets by the Department of 
                 Education for defaulted student loans.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 18, 2014

Ms. Collins (for herself and Mr. Nelson) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To amend title 31, United States Code, to adjust for inflation the 
amount that is exempt from administrative offsets by the Department of 
                 Education for defaulted student loans.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Social Security Garnishment 
Modernization Act of 2014''.

SEC. 2. ADJUSTMENT FOR INFLATION.

    (a) In General.--Section 3716(c)(3)(A) of title 31, United States 
Code, is amended--
            (1) in clause (ii), by striking ``An amount'' and inserting 
        ``Except as provided in clause (iii), an amount''; and
            (2) by inserting after the matter following clause (ii)(II) 
        the following:
                    ``(iii) For a claim that may be collected under 
                this section by the Department of Education relating to 
                a defaulted student loan under part B, D, or E of title 
                IV of the Higher Education Act of 1965 (20 U.S.C. 1071 
                et seq., 1087a et seq., and 1087aa et seq.), the amount 
                of payments due to an individual under the Social 
                Security Act that is exempt from offset under this 
                subsection shall be equal to the exemption amount under 
                clause (ii), as adjusted annually to reflect increases 
                in the Consumer Price Index for Urban Wage Earners and 
                Clerical Workers published by the Bureau of Labor 
                Statistics of the Department of Labor.''.
    (b) Effective Date.--The amendments made by subsection (a) shall--
            (1) take effect as if included in the enactment of the 
        Omnibus Consolidated Rescissions and Appropriations Act of 1996 
        (Public Law 104-134; 110 Stat. 1321); and
            (2) only apply with respect to a claim described in section 
        3716(c)(3)(A)(iii) of title 31, United States Code, as added by 
        subsection (a)(2), that may be collected by administrative 
        offset by the Department of Education under section 3716 of 
        such title after the date of enactment of this Act.
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