,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bhif  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ah1
 #bjad ,ms4 ,collins 7for herself and   
,mr4 ,nelson7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend title #ca1 ,united ,states  
,code1 to adjust for inflation the      
amount that is exempt from              
administrative offsets by the           
,department of ,education for defaulted 
student loans4  #a4 ,short title ,this  
,act may be cited as the ,social        
,security ,garnishment ,modernization   
,act of #bjad4  #b4 ,adjustment for     
inflation  7a7 ,in general ,section     
#cgaf7;c77#c77;,a7 of title #ca1 ,united
 ,states ,code1 is amended-- 7#a7 in    
clause 7ii71 by striking ,an amount and 
inserting ,except as provided in clause 
7iii71 an amount2 and  7#b7 by inserting
 after the matter following clause      
7ii77,,ii7 the following3  7iii7 ,for a 
claim that may be collected under this  

section by the ,department of ,education
 relating to a defaulted student loan   
under part ,b1 ,d1 or ,e of title ,,iv  
of the ,higher ,education ,act of #aife 
7#bj ,u4,s4,c4 #ajga et seq41 #ajhg;a et
 seq41 and #ajhg;aa et seq471 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 7ii71 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 ,labor4  4  7b7          
,effective date ,the amendments made by 
subsection 7a7 shall-- 7#a7 take effect 
as if included in the enactment of the  
,omnibus ,consolidated ,rescissions and 
,appropriations ,act of #aiif 7,public  
,law #ajd-acd2 #aaj ,stat4 #acba72 and  
7#b7 only apply with respect to a claim 
described in section                    
#cgaf7;c77#c77;,a77iii7 of title #ca1   

,united ,states ,code1 as added by      
subsection 7a77#b71 that may be         
collected by administrative offset by   
the ,department of ,education under     
section #cgaf of such title after the   
date of enactment of this ,act4