```

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2576 Introduced in House (IH)]

108th CONGRESS
  1st Session
                                H. R. 2576

To amend the Soldiers' and Sailors' Civil Relief Act of 1940 to enhance 
the protection of credit ratings of active duty military personnel who 
                  are activated for military service.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 24, 2003

   Mr. Brady of Pennsylvania (for himself, Mr. Evans, Mr. Weldon of 
 Pennsylvania, Mr. Platts, Mr. Fattah, Mr. Abercrombie, Mr. Larson of 
  Connecticut, Mr. Capuano, Mr. Pascrell, Mr. Israel, Mr. Markey, Ms. 
 Kaptur, Mr. McGovern, Mr. Hoeffel, Mr. Towns, Mr. Filner, Mr. Acevedo-
  Vila, Mr. Frost, Ms. Woolsey, Mr. George Miller of California, Mr. 
 Lipinski, Mrs. Christensen, Mrs. Davis of California, Mrs. Tauscher, 
  Mr. Meehan, Mr. Hill, Mr. Jefferson, Mr. Kanjorski, Mr. Murtha, Mr. 
    Doyle, Mr. Holden, Mr. Ryan of Ohio, and Mr. Wu) introduced the 
   following bill; which was referred to the Committee on Veterans' 
                                Affairs

_______________________________________________________________________

                                 A BILL

 
To amend the Soldiers' and Sailors' Civil Relief Act of 1940 to enhance 
the protection of credit ratings of active duty military personnel who 
                  are activated for military service.

    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 ``National Heroes Credit Protection 
Act''.

SEC. 2. PROTECTION OF CREDIT RATINGS OF PERSONS ACTIVATED FOR MILITARY 
              SERVICE.

    (a) Credit Rating Protection.--The Soldiers' and Sailors' Civil 
Relief Act of 1940 (50 U.S.C. App. 501 et seq.) is amended by inserting 
at the end of article I the following new section:
    ``Sec. 109. (a) Any person or entity engaged in the practice of 
assembling or evaluating consumer credit information that receives from 
a creditor a negative report of nonpayment or late payment with respect 
to a qualifying account of a person in military service shall enter 
with that negative report a notation that the account is delinquent or 
paid slowly due to military service.
    ``(b) Any future potential creditor of such person who receives a 
credit report that includes a notation required by subsection (a) shall 
disregard any negative information so noted in the credit report.
    ``(c) For purposes of this section, a qualifying account is an 
account that was opened by a person in military service before the date 
on which that person entered that period of military service, but only 
with respect to obligations incurred before such date.''.
    (b) Effective Date.--Section 109 of the Soldiers' and Sailors' 
Civil Relief Act of 1940, as added by subsection (a), shall apply with 
respect to a period of military service (as defined in such Act) that 
is being performed by a person on the date of the enactment of this Act 
or to which a person is ordered on or after such date.
                                 <all>
```