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Fair Debt Collection Practices for Servicemembers Act

3/12/2024, 10:07 PM

Summary of Bill S 2396

Bill 118 s 2396, also known as the Fair Debt Collection Practices for Servicemembers Act, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide additional protections for members of the military who are facing debt collection efforts.

The bill aims to address the unique challenges that servicemembers may face when dealing with debt collectors, such as frequent relocations, deployments, and other demands of military service. It seeks to ensure that servicemembers are treated fairly and are not subject to abusive or harassing debt collection practices.

Some key provisions of the bill include requiring debt collectors to verify a servicemember's military status before attempting to collect a debt, prohibiting debt collectors from contacting a servicemember's commanding officer or unit without permission, and limiting the times and methods in which debt collectors can contact servicemembers. Overall, the Fair Debt Collection Practices for Servicemembers Act is designed to protect the rights of servicemembers and ensure that they are not unduly burdened by debt collection efforts while serving their country. It is an important piece of legislation that aims to support those who sacrifice so much for our nation.

Congressional Summary of S 2396

Fair Debt Collection Practices for Servicemembers Act

This bill prohibits a debt collector from threatening a service member with a reduction of rank, revocation of their security clearance, or military prosecution in the course of collecting a debt. The Government Accountability Office must report on the impact of this prohibition on the timely delivery of information to service members, military readiness, and national security.

Current Status of Bill S 2396

Bill S 2396 is currently in the status of Bill Introduced since July 19, 2023. Bill S 2396 was introduced during Congress 118 and was introduced to the Senate on July 19, 2023.  Bill S 2396's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 19, 2023

Bipartisan Support of Bill S 2396

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
10
Democrat Cosponsors
2
Republican Cosponsors
8
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2396

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 2396

Fair Debt Collection Practices for Servicemembers Act
Fair Debt Collection Practices for Servicemembers Act
A bill to provide enhanced protection against debt collector harassment of members of the Armed Forces.

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