S Bill 1316 Servicemembers’ Credit Monitoring Enhancement Act

Purpose and Summary

Chamber: Senate

Introduced date: 2023-04-26

Bill 118 s 1316, also known as the Servicemembers’ Credit Monitoring Enhancement Act, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to enhance the credit monitoring services available to members of the military in order to protect them from identity theft and fraud. The bill proposes several key provisions, including requiring credit reporting agencies to provide free credit monitoring services to all active duty servicemembers. This would help servicemembers monitor their credit reports for any suspicious activity and take action to prevent identity theft. Additionally, the bill aims to improve the process for servicemembers to place a security freeze on their credit reports, making it easier for them to protect their personal information from unauthorized access. Overall, the Servicemembers’ Credit Monitoring Enhancement Act seeks to provide greater protection for members of the military against identity theft and fraud by enhancing the credit monitoring services available to them. This legislation is important for ensuring the financial security of our servicemembers and their families.

Recent Activity

Held at the desk.

Alternative Names

Servicemembers’ Credit Monitoring Enhancement Act

Servicemembers’ Credit Monitoring Enhancement Act

A bill to amend the Fair Credit Reporting Act to expand the definition of an active duty military consumer for purposes of certain credit monitoring requirements, and for other purposes.

Servicemembers’ Credit Monitoring Enhancement Act

A bill to amend the Fair Credit Reporting Act to expand the definition of an active duty military consumer for purposes of certain credit monitoring requirements, and for other purposes.

Servicemembers’ Credit Monitoring Enhancement Act

Servicemembers’ Credit Monitoring Enhancement Act

A bill to amend the Fair Credit Reporting Act to expand the definition of an active duty military consumer for purposes of certain credit monitoring requirements, and for other purposes.

Servicemembers’ Credit Monitoring Enhancement Act

Associated Legislation

Servicemember Credit Monitoring Enhancement Act

Servicemember Credit Monitoring Enhancement Act

Policy Areas

Finance and Financial Sector

Potential Impact

Computers and information technology

Consumer affairs

Consumer credit

Military personnel and dependents

Sponsors and Supporters

Sen. Klobuchar, Amy [D-MN]

Sen. Klobuchar, Amy [D-MN]

Sen. Klobuchar, Amy [D-MN]

Sen. Klobuchar, Amy [D-MN]

Sen. Klobuchar, Amy [D-MN]

Cosponsors and Supporters

Sen. Cramer, Kevin [R-ND]

Sen. Carper, Thomas R. [D-DE]

Sen. Daines, Steve [R-MT]

Sen. Cramer, Kevin [R-ND]

Sen. Carper, Thomas R. [D-DE]

Sen. Daines, Steve [R-MT]

Committees and Subcommittees

Banking, Housing, and Urban Affairs Committee

Banking, Housing, and Urban Affairs Committee

Variations and Revisions