Fair Debt Collection Practices for Servicemembers Act

Strengthens consumer protections for servicemembers and their families by banning debt collectors from threatening military-specific penalties — including demotion, loss of security clearance, or military prosecution — and from saying that refusal to cooperate will trigger those penalties. It preserves collectors' ability to provide accurate, lawful information about debts. The bill also directs the Comptroller General to study and report on how these changes affect timely notice to covered individuals, military readiness, and national security (including impacts on members with security clearances).