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Bill > HR8114


US HR8114

US HR8114
Military Family Protection from Debt Act


summary

Introduced
06/16/2022
In Committee
06/29/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend the Servicemembers Civil Relief Act to expand certain protections to dependents of members of the Armed Forces.

AI Summary

This bill, the Military Family Protection from Debt Act, aims to expand certain protections under the Servicemembers Civil Relief Act to dependents of members of the Armed Forces. Specifically, it would allow dependents to benefit from the interest rate cap of 6% on debts incurred before military service, and requires dependents to provide documentation of their dependency status at the time the debt was incurred. This ensures that not only servicemembers, but also their dependents, are protected from high-interest debt during the servicemember's military service.

Committee Categories

Business and Industry, Military Affairs and Security

Sponsors (1)

Last Action

Referred to the Subcommittee on Economic Opportunity. (on 06/29/2022)

bill text


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