,,ii  #aaeth ,,congress  #b;d ,session  
,s4 #ccbj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #a1    
#bjah ,mrs4 ,mc,caskill introduced the  
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to prevent low-income       
seniors from losing benefits due to     
defaulted student loan debt by          
increasing the amount of benefits       
exempted from garnishment4  #a4 ,short  
title  ,this ,act may be cited as the   
,protecting ,seniors with ,student      
,loans ,act of #bjah4  #b4 ,modification
 of exemption from administrative offset
  7a7 ,in general ,section              
#cgaf7;c77#c77;,a7 of title #ca1 ,united
 ,states ,code1 is amended-- 7#a7 in    
clause 7i71 by striking clause 7ii7 and 
inserting clauses 7ii7 and 7iii72  7#b7 
in clause 7ii71 by striking ,an amount  
and inserting ,except as provided in    
clause 7iii71 an amount2 and  7#c7 by   
adding at the end the following3  7iii7 
7,i7 ,for a claim of the ,department of 

,education that is subject to collection
 by administrative offset under this    
section--  7aa7 an amount of #ad1aif    
which a debtor may receive under        
,federal benefit programs cited under   
clause 7i7 within a #ab-month period    
shall be exempt from offset under this  
subsection2 and  7bb7 in applying the   
exemption under item 7aa71 the          
disbursing official shall-- 7,,aa7      
reduce the exemption amount for the     
#ab-month period by the amount of all   
,federal benefit payments made during   
such #ab-month period which are not     
subject to offset under this subsection2
 and 7,,bb7 apply a prorated amount of  
the exemption to each periodic benefit  
payment to be made to the debtor during 
the applicable #ab-month period4  7,,ii7
 ,for purposes of subclause 7,i71 the   
amount of a periodic benefit payment    
shall be the amount after any reduction 
or deduction required under the laws    
authorizing the program under which such
 payment is authorized to be made       

7including any reduction or deduction to
 recover any overpayment under such     
program74  7,,iii7 ,the ,secretary of   
the ,treasury shall annually adjust the 
amount of the exemption under subclause 
7,i77aa7 to reflect the change in the   
,consumer ,price ,index for ,all ,urban 
,consumers published by the ,department 
of ,labor4  4  7b7 ,applicability ,the  
amendments made by this section shall   
apply to the collection of a claim by an
 administrative offset taken after the  
date of enactment of this ,act relating 
to a claim that arises before1 on1 or   
after the date of enactment of this     
,act4