Adds a new section (section 309) to Title III of the Servicemembers Civil Relief Act requiring landlords to treat educational assistance received under specified chapters of title 38 and chapters 1606 and 1607 of title 10 as income when determining eligibility to enter residential leases; requires lease periods not exceed the individual's months of entitlement; establishes penalties including prohibition from participating in covered Federally assisted rental housing and criminal penalties; and defines 'covered individual' and 'covered Federally assisted rental housing' (listing multiple federal housing programs).

Adds new section 3699C to title 38 establishing that, if the Secretary determines a covered individual is ineligible for educational assistance due to failure to fulfill a single program requirement, the Secretary may not terminate the individual's assistance until the Secretary notifies the individual and 60 days have elapsed after such notification; defines 'covered individual' and 'program requirement' (with examples).