Legislative Update

Soldiers and Recent Veterans May Soon Be Subject to the Means Test By Maurice “Mac” VerStandig Editor’s Note: ABI’s Task Force on Veterans and Servicemembers Affairs provides accessible resources for military members. Please visit veterans.abi.org for more information

The Federal Pause on Student Loan Payments Is Set to Expire. How Might Bankruptcy Fill the Gap? By Joy Kleisinger and Hayley Mullen The COVID-era pause on student loan payments and interest will finally come to an end after eight extensions on Sept. 1, 2023. 1 The

The Consumer Bankruptcy Reform Act: The Uncoupling of Debts By Brittany M. Woodman The Consumer Bankruptcy Reform Act (CBRA), originally introduced in December 2020, was reintroduced in September 2022 by Sen. Elizabeth Warren (D-Mass.) and Rep. Jerrold Nadler (D-N.Y.)

Academics Lay Out Proposals for Digital Asset Safeguards at Senate Hearing After examining related issues in the previous 117th Congress, the Senate Banking Committee convened a hearing on Feb. 14 titled, “Crypto Crash: Why Financial System Safeguards Are Needed for

Coming Back Around: Legislative Issues Likely to Resurface in the 118th Congress While new legislation and fresh issues await both chambers of the 118th Congress, which convened on Jan. 3, insolvency practitioners should anticipate a number of priority bankruptcy issues

A Brief History of Student Loan Treatment in Bankruptcy Cases By Maurice “Mac” VerStandig As the 118th Congress begins its work, a blend of campaign promises 1 and previous legislative introductions 2 offer every reason to believe that the dischargeability of student

The Consumer Bankruptcy Reform Act: A Transformation of the Law By Mahlon J. Mowrer The 117th Congress is in its twilight, and the 118th Congress will mire in the narrow partisan majorities splitting its chambers and the inevitable political divides leading into the