Military SAVE Act

Hozzl · 2025-04-07T15:41:56Z

Explore the details of House Bill 3642 Military SAVE Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Armed Forces and National Security. Stay informed on legislative developments.

4/7/2025, 3:41 PM

Summary of Bill HR 3642

The Military SAVE Act, also known as Bill 115 hr 3642, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide additional support and resources for military service members and veterans who are experiencing financial hardship.

One of the key provisions of the Military SAVE Act is the establishment of a program that would offer financial counseling and education to military personnel and their families. This program would aim to help service members better manage their finances, avoid predatory lending practices, and make informed decisions about their money.

Additionally, the bill includes measures to improve access to affordable housing for military families, as well as provisions to address issues related to debt collection and credit reporting for service members. Overall, the Military SAVE Act seeks to address the unique financial challenges faced by military personnel and veterans, and to provide them with the support they need to achieve financial stability.

Current Status of Bill HR 3642

Bill HR 3642 is currently in the status of Bill Introduced since August 4, 2017. Bill HR 3642 was introduced during Congress 115 and was introduced to the House on August 4, 2017. Bill HR 3642's most recent activity was Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs. as of May 22, 2018