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US HR5003

US HR5003
Fair Debt Collection Practices for Servicemembers Act


summary

Introduced
11/08/2019
In Committee
11/14/2019
Crossed Over
03/03/2020
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Fair Debt Collection Practices for Servicemembers Act Fair Debt Collection Practices for Servicemembers Act This bill prohibits a debt collector from representing to servicemembers that failure to cooperate with a debt collector will result in a reduction of rank, a revocation of security clearance, or military prosecution. The Government Accountability Office must report on the impact of this prohibition on the timely delivery of information to servicemembers, military readiness, and national security.

AI Summary

This bill, the Fair Debt Collection Practices for Servicemembers Act, prohibits debt collectors from threatening servicemembers with a reduction in rank, revocation of security clearance, or military prosecution for failure to cooperate with debt collection efforts. The bill also requires the Government Accountability Office to study the impact of this prohibition on the timely delivery of information to servicemembers, military readiness, and national security, particularly related to servicemembers with security clearances.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (2)

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 03/03/2020)

bill text


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