Total Score: 760/2,100 points (36.2% of maximum possible score)
The National Guard and Reservists Debt Relief Extension Act of 2023 aims to extend debt relief protections for members of the National Guard and Reserves. The Act involves moderate increases in government oversight and regulatory measures to provide financial support for these service members. It has a limited impact on personal freedoms and the free market while expanding government control over debt relief processes.
| Criteria | Score (out of 100) | Comments |
|---|---|---|
| 1. Regulatory Language and New Powers | 60 | Grants new responsibilities to the government to provide debt relief for National Guard and Reservists. |
| 2. Mandates on Individuals or Businesses | 50 | Imposes requirements on financial institutions to comply with debt relief measures. |
| 3. Repeal or Modification of Existing Laws | 45 | Modifies existing laws to extend debt relief protections. |
| 4. Funding Provisions and Government Control | 65 | Allocates funding to support the debt relief program. |
| 5. Powers Granted to Government Agencies | 60 | Grants discretionary powers to agencies overseeing the debt relief program. |
| 6. Penalties and Compliance Mechanisms | 55 | Specifies penalties for non-compliance with debt relief regulations. |
| 7. Reporting Requirements | 50 | Introduces new reporting requirements for financial institutions. |
| 8. Sunset Clauses | 30 | Includes sunset clauses for periodic review of the debt relief measures. |
| 9. Authority and Oversight | 60 | Delegates authority to federal agencies to ensure compliance with the Act. |
| 10. Judicial Review | 40 | Provides provisions for judicial review of debt relief decisions. |
| 11. Emergency Powers | 35 | Grants minimal emergency powers related to debt relief. |
| 12. Exemptions and Waivers | 35 | Offers limited exemptions from existing regulations. |
| 13. Impact Assessments | 45 | Includes assessments of the expected effects on government control and cost. |
| 14. Spending and Taxes | 65 | Increases government spending to fund the debt relief program. |
| 15. Market Manipulation | 30 | Minor impact on the market through financial relief measures. |
| 16. Tax Code and Reporting | 25 | Minimal impact on the tax code. |
| 17. Areas Outside Original Purpose | 20 | Stays within the original purpose of providing debt relief for service members. |
| 18. Reducing Government Power | 35 | Moderately increases government power through oversight and funding. |
| 19. Impact on Free Markets | 40 | Some impact on free markets due to increased oversight and funding. |
| 20. Personal Freedom | 45 | Enhances personal freedoms related to financial relief for service members. |
| 21. Reducing Spending and Debt | 30 | Increases spending without addressing the national debt. |