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.
Social Security Garnishment Modernization Act of 2014 - Exempts an inflation-adjusted $9,000 each year of an individual's benefits under the Social Security Act from being used by the Department of Education to offset the amount the individual owes on a defaulted student loan under title IV (Student Assistance) of the Higher Education Act of 1965.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5795)
Read twice and referred to the Committee on Finance.
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