Bill
Bill > S2528
US S2528
US S2528A bill to require verification of the financial independence of financial services counselors in the Department of Defense.
summary
Introduced
07/26/2023
07/26/2023
In Committee
07/26/2023
07/26/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to require verification of the financial independence of financial services counselors in the Department of Defense.
AI Summary
This bill requires the Department of Defense (DOD) to verify the financial independence of its financial services counselors. Under the proposed changes, the DOD Secretary must ensure that financial services counselors and other individuals providing financial counseling submit annual financial disclosures. The Secretary must review these disclosures to confirm the counselors are free from conflicts of interest. If a counselor is found to have a conflict, they cannot provide financial services until the conflict is resolved. The bill also requires the Secretary to submit an annual report to Congress on the percentage of counselors determined to be free from conflicts.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Read twice and referred to the Committee on Armed Services. (on 07/26/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/2528/all-info |
| BillText | https://www.congress.gov/118/bills/s2528/BILLS-118s2528is.pdf |
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