HR. 3159Reported
Improving SCRA Benefit Utilization Act
Expand Servicemembers Civil Relief Act interest rate protections and require clearer financial literacy training and notices about those protections for servicemembers
Plain-English overview
What this bill does
Expand Servicemembers Civil Relief Act interest rate protections and require clearer financial literacy training and notices about those protections for servicemembers
Key points
- Require broader creditor rate caps
- Require SCRA documentation mechanisms
- Require written SCRA benefit notices
- Expand financial literacy training
Current status
Where it stands
Status
Reported
Latest action
2026-05-14 — Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Related context
Topics and policy areas
undefinedArmed Forces and National SecurityCredit and credit marketsFinancial literacyInterest, dividends, interest ratesMilitary education and trainingMilitary personnel and dependents