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HR 3159119th CongressIntroduced
Improving SCRA Benefit Utilization Act
Introduced: Oct 29, 2025
Civil Rights & JusticeDefense & National SecurityFinancial Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
This bill enhances financial literacy training for military members by incorporating Servicemembers Civil Relief Act (SCRA) protections, mandates benefit notifications upon active duty orders, and clarifies creditor obligations to apply interest rate limits on pre-service debts.
Key Points
- 1Amends financial literacy programs to include SCRA consumer protections, specifically interest rate limits.
- 2Requires SCRA benefit notifications during initial military enlistment and reserve mobilizations exceeding 30 days.
- 3Clarifies creditors must apply SCRA interest rate caps to all servicemember debts, not just those explicitly listed in notices.
Impact Areas
Active-duty military personnel and reservistsFinancial institutions and creditorsMilitary financial education programs
Generated by legislative-analyzer-v2 on Nov 8, 2025