S. 1550In Committee
Improving SCRA Benefit Utilization Act of 2025
Expand Servicemembers Civil Relief Act interest rate protections and require financial literacy training and written notice about those military consumer protections
Plain-English overview
What this bill does
Expand Servicemembers Civil Relief Act interest rate protections and require financial literacy training and written notice about those military consumer protections
Key points
- Amend financial literacy training
- Require broader SCRA rate cap application
- Require SCRA documentation mechanisms
- Direct written notice of SCRA benefits
Current status
Where it stands
Status
In Committee
Latest action
2025-05-01 — Read twice and referred to the Committee on Armed Services.
Related context
Topics and policy areas
undefinedArmed Forces and National Security