I 

118TH CONGRESS 

2D SESSION H. R. 6920 

To amend title 10, United States Code, to include training regarding financial 

protections under the Servicemembers Civil Relief Act in certain financial 

literacy training programs for members of the Armed Forces, and for 

other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 9, 2024 

Mr. CARTWRIGHT (for himself, Mr. CARSON, Mr. DAVIS of North Carolina, 

Mr. DELUZIO, Mr. FITZPATRICK, Mr. GOTTHEIMER, Ms. HOULAHAN, Mr. 

LAWLER, Mr. MCGARVEY, Mr. MOSKOWITZ, Mr. MOYLAN, Ms. TITUS, 

and Ms. TOKUDA) introduced the following bill; which was referred to the 

Committee on Veterans’ Affairs, and in addition to the Committee on 

Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To amend title 10, United States Code, to include training 

regarding financial protections under the Servicemembers 

Civil Relief Act in certain financial literacy training programs for members of the Armed Forces, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

2 

•HR 6920 IH

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Improving SCRA Ben3 efit Utilization Act’’. 

4 SEC. 2. FINANCIAL LITERACY TRAINING REGARDING THE 

5 SERVICEMEMBERS CIVIL RELIEF ACT. 

6 Section 992 of title 10, United States Code, is 

7 amended— 

8 (1) in subsection (a)(1)— 

9 (A) by redesignating subparagraphs (D) 

10 and (E) as subparagraphs (E) and (F), respec11 tively; and 

12 (B) by inserting, after subparagraph (C), 

13 the following new subparagraph (D): 

14 ‘‘(D) consumer financial protections afforded to 

15 members and their dependents under the law, in16 cluding protections regarding interest rate limits 

17 under section 207 of the Servicemembers Civil Relief 

18 Act (50 U.S.C. 3937);’’; and 

19 (2) in subsection (d)(1), by inserting ‘‘(includ20 ing with regards to knowledge and use of protections 

21 regarding interest rates under section 207 of the 

22 Servicemembers Civil Relief Act (50 U.S.C. 3937))’’ 

23 after ‘‘preparedness’’. 

3 

•HR 6920 IH

1 SEC. 3. NOTIFICATION OF BENEFITS UNDER THE 

2 SERVICEMEMBERS CIVIL RELIEF ACT TO 

3 SERVICEMEMBERS CALLED OR ORDERED TO 

4 ACTIVE DUTY OR TO ACTIVE SERVICE. 

5 Section 105 of the Servicemembers Civil Relief Act 

6 (50 U.S.C. 3915) is amended— 

7 (1) by striking the period at the end and insert8 ing ‘‘, including—’’; and 

9 (2) by adding at the end the following new 

10 paragraphs: 

11 ‘‘(1) at the time a person first enters military 

12 service; and 

13 ‘‘(2) in the case of a person who is a member 

14 of a reserve component— 

15 ‘‘(A) at the time the person first enters 

16 service in the reserve component; and 

17 ‘‘(B) at any time when the person is mobi18 lized or otherwise individually called or ordered 

19 to active duty for a period of more than 30 

20 days.’’. 

21 SEC. 4. FINANCIAL INSTITUTION OBLIGATION TO APPLY 

22 MAXIMUM RATE OF INTEREST ON ALL SERV23 ICEMEMBER DEBTS INCURRED BEFORE MILI24 TARY SERVICE. 

25 Section 207(b) of the Servicemembers Civil Relief Act 

26 (50 U.S.C. 3937) is amended— 

4 

•HR 6920 IH

1 (1) in paragraph (2)— 

2 (A) by striking ‘‘the creditor shall treat the 

3 debt in accordance with subsection (a), effective 

4 as of the date on which the servicemember is 

5 called to military service.’’ and inserting ‘‘the 

6 creditor shall—’’; and 

7 (B) by adding at the end the following new 

8 subparagraphs: 

9 ‘‘(A) treat the debt in accordance with sub10 section (a), effective as of the date on which the 

11 servicemember is called to military service; and 

12 ‘‘(B) treat any other obligation or liability 

13 of the servicemember to the creditor in accord14 ance with subsection (a), whether or not such 

15 obligation or liability was specifically mentioned 

16 in a notice provided by the servicemember 

17 under paragraph (1)(A).’’; and 

18 (2) by adding at the end the following new 

19 paragraph: 

20 ‘‘(3) SUBMISSION OF DOCUMENTS.—A creditor 

21 shall provide all necessary mechanisms to ensure 

22 that a servicemember is able to submit any docu23 ments required in order for an obligation or liability 

24 of the servicemember to be subject to the interest 

25 rate limitation in subsection (a) either online, by 

5 

•HR 6920 IH

1 mail, or by fax, at the election of the servicemem2 ber.’’. 

Æ