(a) In General.—The Secretary of the Navy 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 naval service, 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
Subtitle C— Navy and Marine Corps
CHAPTER 831— MISCELLANEOUS RIGHTS AND BENEFITS
§ 8261. Presentation of United States flag upon retirement
§ 8263. Emergency shore duty: advance of funds
§ 8264. Shore patrol duty: payment of expenses
§ 8265. Mileage books: commutation tickets
§ 8266. Uniforms, accouterments, and equipment: sale at cost
§ 8267. Uniform: sale to former members of the naval service
§ 8270. Pension to persons serving ten years
§ 8271. Settlement of accounts: remission or cancellation of indebtedness of members