Bill > S2074

This bill amends the Fair Credit Reporting Act to expand the definition of credit monitoring requirements for military personnel. Specifically, the bill replaces the term "active duty military consumer" with "armed forces member consumer", which now includes all members of the armed forces regardless of their current duty status. This means that service members will have broader protections for credit monitoring, even when they are not actively deployed. The bill defines "armed forces" according to the standard definition in title 10 of the United States Code and broadens the scope of who qualifies for these credit monitoring protections. The changes will take effect one year after the bill's enactment, giving credit reporting agencies time to update their systems and procedures. By expanding the definition, the bill aims to provide more comprehensive credit protection for a wider range of military personnel, recognizing that service members may need financial safeguards even when they are not on active duty.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2074/all-info