Improving SCRA Benefit Utilization Act of 2025

Jon Ossoff

Democrat · GA · Senator

Source: Congress.gov · FEC

• Rick Scott (R-FL)Original· 2025-05-01

Read twice and referred to the Committee on Armed Services.

2025-05-01

Source: Congress.gov

This bill aims to make it easier for active-duty military members to use benefits under the Servicemembers Civil Relief Act (SCRA), a federal law that provides financial protections like lower interest rates on debts and eviction protections. The legislation likely streamlines how service members access these protections or improves how lenders and creditors inform them about available benefits. The changes would help military families better understand and take advantage of financial safeguards designed to protect them during active service.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1550 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1550 To amend title 10, United States Code, to include training regarding financial protections under the Servicemembers Civil Relief Act in certain financial literacy training programs for members of the Armed Forces, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 1, 2025 Mr. Ossoff (for himself and Mr. Scott of Florida) introduced the following bill; which was read twice and referred to the Committee on Armed Services _______________________________________________________________________ A BILL To amend title 10, United States Code, to include training regarding financial protections under the Servicemembers Civil Relief Act in certain financial literacy training programs for members of the Armed Forces, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Improving SCRA Benefit Utilization Act of 2025''. SEC. 2. FINANCIAL LITERACY TRAINING REGARDING THE SERVICEMEMBERS CIVIL RELIEF ACT. Section 992 of title 10, United States Code, is amended-- (1) in subsection (a)(1)-- (A) by redesignating subparagraphs (D) and (E) as subparagraphs (E) and (F), respectively; and (B) by inserting, after subparagraph (C), the following new subparagraph (D): ``(D) consumer financial protections afforded to members and their dependents under the law, including protections regarding interest rate limits under section 207 of the Servicemembers Civil Relief Act (50 U.S.C. 3937);''; and (2) in subsection (d)(1), by inserting ``(including with regards to knowledge and use of protections regarding interest rates under section 207 of the Servicemembers Civil Relief Act (50 U.S.C. 3937))'' after ``preparedness''. SEC. 3. NOTIFICATION OF BENEFITS UNDER THE SERVICEMEMBERS CIVIL RELIEF ACT TO SERVICEMEMBERS CALLED OR ORDERED TO ACTIVE DUTY OR TO ACTIVE SERVICE. Section 105 of the Servicemembers Civil Relief Act (50 U.S.C. 3915) is amended-- (1) by striking the period at the end and inserting ``, including--''; and (2) by adding at the end the following new paragraphs: ``(1) at the time a person first enters military service; and ``(2) in the case of a person who is a member of a reserve component-- ``(A) at the time the person first enters service in the reserve component; and ``(B) at any time when the person is mobilized or otherwise individually called or ordered to active duty for a period of more than 30 days.''. SEC. 4. FINANCIAL INSTITUTION OBLIGATION TO APPLY MAXIMUM RATE OF INTEREST ON ALL SERVICEMEMBER DEBTS INCURRED BEFORE MILITARY SERVICE. Section 207(b) of the Servicemembers Civil Relief Act (50 U.S.C. 3937) is amended-- (1) in paragraph (2)-- (A) by striking ``the creditor shall treat the debt in accordance with subsection (a), effective as of the date on which the servicemember is called to military service.'' and inserting ``the creditor shall--''; and (B) by adding at the end the following new subparagraphs: ``(A) treat the debt in accordance with subsection (a), effective as of the date on which the servicemember is called to military service; and ``(B) treat any other obligation or liability of the servicemember to the creditor in accordance with subsection (a), whether or not such obligation or liability was specifically mentioned in a notice provided by the servicemember under paragraph (1)(A).''; and (2) by adding at the end the following new paragraph: ``(3) Submission of documents.--A creditor shall provide all necessary mechanisms to ensure that a servicemember is able to submit any documents required in order for an obligation or liability of the servicemember to be subject to the interest rate…

limitation in subsection (a) either online, by mail, or by fax, at the election of the servicemember.''. <all>

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