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Improving SCRA Benefit Utilization Act of 2025
To amend title 10, United States Code, to include training regarding financial protections under the Servicemembers Civil Relief Act in certain financial literacy training programs for members of the Armed Forces, and for other purposes.
Summary
This bill requires military branches to include training on Servicemembers Civil Relief Act (SCRA) financial protections in their financial literacy programs. It requires servicemembers to be notified of their SCRA benefits when they enter military service and whenever reserve members are called to active duty for more than 30 days. The bill requires creditors to automatically apply SCRA interest rate limitations to all servicemember debts, not just those the servicemember specifically identifies. Creditors must provide multiple methods—online, mail, or fax—for servicemembers to submit documents needed to obtain these protections.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Ossoff, Jon [D-GA] (D-GA)
1 cosponsor
- Sen. Scott, Rick [R-FL] (R-FL)
Money behind the sponsor
Top reported contributors to Jon Ossoff’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Jon Ossoff → · Outside spending →
Actions (2)
- May 1, 2025 Read twice and referred to the Committee on Armed Services. · senate
- May 1, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
May 1, 2025
Mr. Ossoff (for himself and Mr. Scott of Florida) introduced the following bill; which was read twice and referred to the Committee on Armed Services
A BILL
To amend title 10, United States Code, to include training regarding financial protections under the Servicemembers Civil Relief Act in certain financial literacy training programs for members of the Armed Forces, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Improving SCRA Benefit Utilization Act of 2025”.
SEC. 2. FINANCIAL LITERACY TRAINING REGARDING THE SERVICEMEMBERS CIVIL RELIEF ACT.
Section 992 of title 10, United States Code, is amended—
(1) in subsection (a)(1)—
(A) by redesignating subparagraphs (D) and (E) as subparagraphs (E) and (F), respectively; and
(B) by inserting, after subparagraph (C), the following new subparagraph (D):
“(D) consumer financial protections afforded to members and their dependents under the law, including protections regarding interest rate limits under section 207 of the Servicemembers Civil Relief Act (50 U.S.C. 3937);”; and
(2) in subsection (d)(1), by inserting “(including with regards to knowledge and use of protections regarding interest rates under section 207 of the Servicemembers Civil Relief Act (50 U.S.C. 3937))” after “preparedness”.
SEC. 3. NOTIFICATION OF BENEFITS UNDER THE SERVICEMEMBERS CIVIL RELIEF ACT TO SERVICEMEMBERS CALLED OR ORDERED TO ACTIVE DUTY OR TO ACTIVE SERVICE.
Section 105 of the Servicemembers Civil Relief Act (50 U.S.C. 3915) is amended—
(1) by striking the period at the end and inserting “, including—”; and
(2) by adding at the end the following new paragraphs:
“(1) at the time a person first enters military service; and
“(2) in the case of a person who is a member of a reserve component—
“(A) at the time the person first enters service in the reserve component; and
“(B) at any time when the person is mobilized or otherwise individually called or ordered to active duty for a period of more than 30 days.”.
SEC. 4. FINANCIAL INSTITUTION OBLIGATION TO APPLY MAXIMUM RATE OF INTEREST ON ALL SERVICEMEMBER DEBTS INCURRED BEFORE MILITARY SERVICE.
Section 207(b) of the Servicemembers Civil Relief Act (50 U.S.C. 3937) is amended—
(1) in paragraph (2)—
(A) by striking “the creditor shall treat the debt in accordance with subsection (a), effective as of the date on which the servicemember is called to military service.” and inserting “the creditor shall—”; and
(B) by adding at the end the following new subparagraphs:
“(A) treat the debt in accordance with subsection
(a), effective as of the date on which the servicemember is called to military service; and
“(B) treat any other obligation or liability of the servicemember to the creditor in accordance with subsection (a), whether or not such obligation or liability was specifically mentioned in a notice provided by the servicemember under paragraph
(1)(A).”; and
(2) by adding at the end the following new paragraph:
“(3) Submission of documents.—A creditor shall provide all necessary mechanisms to ensure that a servicemember is able to submit any documents required in order for an obligation or liability of the servicemember to be subject to the interest rate limitation in subsection (a) either online, by mail, or by fax, at the election of the servicemember.”. <all>
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