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Servicemember Credit Monitoring Enhancement Act

1/26/2024, 8:15 AM

Summary of Bill HR 1521

Bill 118 HR 1521, also known as the Servicemember Credit Monitoring Enhancement Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to enhance credit monitoring services for members of the military.

The bill aims to provide servicemembers with free access to credit monitoring services in order to protect them from identity theft and fraud. This is particularly important for military personnel, as they are often targeted by scammers due to the nature of their work and frequent deployments.

Under the provisions of the bill, credit monitoring services would be made available to servicemembers at no cost, allowing them to monitor their credit reports for any suspicious activity. This would help servicemembers detect and address any potential issues before they escalate into more serious problems. Additionally, the bill includes measures to improve the security of servicemembers' personal information and prevent unauthorized access to their credit reports. This is crucial in safeguarding the financial well-being of military personnel and their families. Overall, the Servicemember Credit Monitoring Enhancement Act seeks to provide servicemembers with the necessary tools to protect themselves from identity theft and fraud, ultimately ensuring their financial security and peace of mind.

Congressional Summary of HR 1521

Servicemember Credit Monitoring Enhancement Act

This bill makes available to uniformed service members free electronic credit monitoring that is currently available to active duty service members.

Current Status of Bill HR 1521

Bill HR 1521 is currently in the status of Bill Introduced since March 9, 2023. Bill HR 1521 was introduced during Congress 118 and was introduced to the House on March 9, 2023.  Bill HR 1521's most recent activity was Referred to the House Committee on Financial Services. as of March 9, 2023

Bipartisan Support of Bill HR 1521

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
26
Democrat Cosponsors
16
Republican Cosponsors
10
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 1521

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 1521

Servicemember Credit Monitoring Enhancement Act
Servicemember Credit Monitoring Enhancement Act
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.

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