119th Congress Armed Forces and National Security
H.R. 3159: Improving SCRA Benefit Utilization Act
In Committee
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill expands interest rate protections under the Servicemembers Civil Relief Act (SCRA) and requires expanded training for and outreach to servicemembers regarding financial literacy and SCRA protections.
The SCRA caps the maximum interest charged on any debt incurred by a servicemember prior to entering active duty at 6% annually if the servicemember's ability to pay is materially affected by active-duty status; servicemembers must provide notice and other documentation to creditors to receive this cap.
The bill requires creditors to apply this cap to all of a servicemember’s obligations or liabilities with that creditor, regardless of whether a certain obligation or liability was specifically mentioned in the required notice provided by the member to invoke SCRA rights. Further, the bill requires creditors to provide all necessary mechanisms to ensure a servicemember is able to submit any required documentation.
Read the full summary
The bill also requires that the financial literacy training program provided to servicemembers include information about consumer financial protections afforded to such members and their dependents, including protections regarding interest rate limits under the SCRA.
Additionally, the bill requires the military department concerned to provide written notice of benefits under the SCRA to servicemembers at the time they first enter military service and, for members of the reserve components, at the time they first enter service in the reserves and at any time when they are mobilized or ordered to active duty for more than 30 days.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Sanford Bishop D-GAOriginal
- Julia Brownley D-CAOriginal
- André Carson D-INOriginal
- Donald Davis D-NCOriginal
- Chris Deluzio D-PAOriginal
- Suzan DelBene D-WAOriginal
- Brian Fitzpatrick R-PAOriginal
- Josh Gottheimer D-NJOriginal
- Seth Moulton D-MAOriginal
- James (Jim) Moylan R-GUOriginal
- Marilyn Strickland D-WAOriginal
- Dina Titus D-NVOriginal
- Sheila Cherfilus-McCormick D-FL
- Kim Schrier D-WA
- Abraham Hamadeh R-AZ
- Wesley Bell D-MO
- Steven Horsford D-NV
- Andrea Salinas D-OR
Who scored on this bill
- 1April McClain Delaney SponsorDrew cross-party cosponsors, introduced, marked up3 events+18
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by April McClain Delaney
History
- Introduced in the House by April McClain Delaney.
Show the full action history (8 actions)
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute by Voice Vote.
- Subcommittee Consideration and Mark-up Session Held
- Forwarded by Subcommittee to Full Committee by Voice Vote.
- Referred to the Subcommittee on Economic Opportunity.
- Subcommittee Hearings Held
- Introduced in House
- Referred to the Committee on Veterans' Affairs, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.