H.R. 2192: National Guard and Reservist Debt Relief Extension Act of 2011

Last night, the Senate passed by unanimous consent a bill (HR 2192) that would renew an exemption in  11 USC § 707(b)(2)(D) for reservists and National Guard members from Chapter 7 bankruptcy means-testing requirements. The bill would amend a 2008 law to make reservists and Guard members that have served on active duty or homeland defenses for at least 90 days since Sept. 11, 2001 eligible for the exemption through 2015. The bill now goes to the President where it is expected to be signed into law.