June 12, 2025
Ms. Klobuchar (for herself, Mr. Cramer, Mr. Kim, and Mr. Daines) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
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.
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 Servicemembers’ Credit Monitoring Enhancement Act
.
Sec. 2. Credit monitoring
(a) In general
The Fair Credit Reporting Act (15 U.S.C. 1681 et seq.) is amended—
(1)
in section 605A(k) (15 U.S.C. 1681c–1(k))—
(A)
by striking paragraph (1) and inserting the following:
(1) Definitions
In this subsection:
(A) Armed forces
The term armed forces has the meaning given the term in section 101(a) of title 10, United States Code.
(B) Armed forces member consumer
The term armed forces member consumer means a consumer who, regardless of duty status, is a member of the armed forces.; and
(B)
in paragraph (2)(A), by striking active duty military consumer
and inserting armed forces member consumer
; and
(2)
in section 625(b)(1)(K) (15 U.S.C. 1681t(b)(1)(K)), by striking active duty military consumers
and inserting armed forces member consumers
.
(b) Effective date
The amendments made by subsection (a) shall take effect on the date that is 1 year after the date of enactment of this Act.