H.R. 3159

119th CONGRESS 1st Session

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 HOUSE OF REPRESENTATIVES · May 1, 2025 · Sponsor: Mrs. McClain Delaney

Table of contents

• H.R. 3159
  • SEC. 1. Short title
  • SEC. 2. Financial literacy training regarding the Servicemembers Civil Relief Act
  • SEC. 3. Notification of benefits under the Servicemembers Civil Relief Act to servicemembers called or ordered to active duty or to active service
  • SEC. 4. Financial institution obligation to apply maximum rate of interest on all servicemember debts incurred before military service

SEC. 1. Short title

• This Act may be cited as the Improving SCRA Benefit Utilization Act.

SEC. 2. Financial literacy training regarding the Servicemembers Civil Relief Act

• Section 992 of title 10, United States Code, is amended—
  • in subsection (a)(1)—
    • by redesignating subparagraphs (D) and (E) as subparagraphs (E) and (F), respectively; and
    • by inserting, after subparagraph (C), the following new subparagraph (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
  • in subsection (d)(1), by inserting after .

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 () is amended— 50 U.S.C. 3915
  • by striking the period at the end and inserting ; and
    • at the time a person first enters military service; and
    • in the case of a person who is a member of a reserve component—
      • at the time the person first enters service in the reserve component; and
      • 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.
  • by adding at the end the following new paragraphs:

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 () is amended— 50 U.S.C. 3937
  • in paragraph (2)—
    • 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
      • treat the debt in accordance with subsection (a), effective as of the date on which the servicemember is called to military service; and
      • 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).
    • by adding at the end the following new subparagraphs:
    • (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.
  • by adding at the end the following new paragraph: