(a) In General.—The Secretary of the Army may have remitted or cancelled any part of the indebtedness of a person to the United States or any instrumentality of the United States incurred while the person was serving as a member of the Army, whether as a regular or a reserve in active status, but only if the Secretary considers such action to be in the best interest of the United States.
(b) Retroactive Applicability to Certain Debts.—The authority in subsection (a) may be exercised with respect to any debt covered by that subsection that is incurred on or after October 7, 2001.
(c) Regulations.—This section shall be administered under regulations prescribed by the Secretary of Defense.
Structure US Code
PART IV— SERVICE, SUPPLY, AND PROCUREMENT
CHAPTER 783— ACCOUNTABILITY AND RESPONSIBILITY
§ 7831. Custody of departmental records and property
§ 7837. Settlement of accounts: remission or cancellation of indebtedness of members
§ 7838. Settlement of accounts: affidavit of company commander
§ 7839. Settlement of accounts: oaths
§ 7840. Final settlement of officer’s accounts