Servicemembers’ Credit Monitoring Enhancement Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2074 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 2074

 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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             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

_______________________________________________________________________

                                 A BILL


 
 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.
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