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 Speak-
er, in each case for consideration of such provisions as fall within the ju-
risdiction 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 pro-
grams for members of the Armed Forces, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Improving SCRA Ben-
efit Utilization Act’’. 
SEC. 2. FINANCIAL LITERACY TRAINING REGARDING THE 
SERVICEMEMBERS CIVIL RELIEF ACT. 
Section 992 of title 10, United States Code, is 
amended— 
(1) in subsection (a)(1)— 
(A) by redesignating subparagraphs (D) 
and (E) as subparagraphs (E) and (F), respec-
tively; and 
(B) by inserting, after subparagraph (C), 
the following new subparagraph (D): 
‘‘(D) consumer financial protections afforded to 
members and their dependents under the law, in-
cluding protections regarding interest rate limits 
under section 207 of the Servicemembers Civil Relief 
Act (50 U.S.C. 3937);’’; and 
(2) in subsection (d)(1), by inserting ‘‘(includ-
ing with regards to knowledge and use of protections 
regarding interest rates under section 207 of the 
Servicemembers Civil Relief Act (50 U.S.C. 3937))’’ 
after ‘‘preparedness’’. 
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SEC. 
3. 
NOTIFICATION 
OF 
BENEFITS 
UNDER 
THE 
SERVICEMEMBERS CIVIL RELIEF ACT TO 
SERVICEMEMBERS CALLED OR ORDERED TO 
ACTIVE DUTY OR TO ACTIVE SERVICE. 
Section 105 of the Servicemembers Civil Relief Act 
(50 U.S.C. 3915) is amended— 
(1) by striking the period at the end and insert-
ing ‘‘, including—’’; and 
(2) by adding at the end the following new 
paragraphs: 
‘‘(1) at the time a person first enters military 
service; and 
‘‘(2) in the case of a person who is a member 
of a reserve component— 
‘‘(A) at the time the person first enters 
service in the reserve component; and 
‘‘(B) at any time when the person is mobi-
lized or otherwise individually called or ordered 
to active duty for a period of more than 30 
days.’’. 
SEC. 4. FINANCIAL INSTITUTION OBLIGATION TO APPLY 
MAXIMUM RATE OF INTEREST ON ALL SERV-
ICEMEMBER DEBTS INCURRED BEFORE MILI-
TARY SERVICE. 
Section 207(b) of the Servicemembers Civil Relief Act 
(50 U.S.C. 3937) is amended— 
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(1) in paragraph (2)— 
(A) by striking ‘‘the creditor shall treat the 
debt in accordance with subsection (a), effective 
as of the date on which the servicemember is 
called to military service.’’ and inserting ‘‘the 
creditor shall—’’; and 
(B) by adding at the end the following new 
subparagraphs: 
‘‘(A) treat the debt in accordance with sub-
section (a), effective as of the date on which the 
servicemember is called to military service; and 
‘‘(B) treat any other obligation or liability 
of the servicemember to the creditor in accord-
ance with subsection (a), whether or not such 
obligation or liability was specifically mentioned 
in a notice provided by the servicemember 
under paragraph (1)(A).’’; and 
(2) by adding at the end the following new 
paragraph: 
‘‘(3) SUBMISSION OF DOCUMENTS.—A creditor 
shall provide all necessary mechanisms to ensure 
that a servicemember is able to submit any docu-
ments required in order for an obligation or liability 
of the servicemember to be subject to the interest 
rate limitation in subsection (a) either online, by 
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