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Bill > HR4050


US HR4050

US HR4050
Servicemembers Opportunity Act


summary

Introduced
02/11/2014
In Committee
02/18/2014
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

Servicemembers Opportunity Act

AI Summary

This bill, titled the Servicemembers Opportunity Act, aims to amend the Servicemembers Civil Relief Act (SCRA) to provide alternative ways for servicemembers to prove their period of military service, which is important for accessing benefits like interest rate limitations on certain debts. Specifically, it proposes to allow servicemembers to use a certified letter from their commanding officer or information from the Defense Manpower Database Center as acceptable proof of their military service, in addition to existing methods, when seeking to benefit from the SCRA's interest rate cap.

Committee Categories

Business and Industry, Military Affairs and Security

Sponsors (2)

Last Action

Referred to the Subcommittee on Economic Opportunity. (on 02/18/2014)

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