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S2074119th CongressWALLET

Servicemembers’ Credit Monitoring Enhancement Act

Sponsored By: Senator Amy Klobuchar

Passed Senate

Summary

Expands credit-monitoring protections to all members of the armed forces, not just those on active duty. This bill would replace the term “active duty military consumer” with “armed forces member consumer” in the Fair Credit Reporting Act and tie the meaning of “armed forces” to the definition in 10 U.S.C. 101(a).

Show full summary
  • Servicemembers and families: More service members, regardless of duty status, would qualify for FCRA credit monitoring and related protections.
  • Credit reporting agencies and lenders: The broader definition applies where FCRA sections 605A(k) and 625(b)(1)(K) refer to active-duty consumers, changing who is eligible for alerts and monitoring under those provisions.
  • Timing and implementation: The amendments would take effect one year after the date of enactment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More credit monitoring for servicemembers

If enacted, this would extend Fair Credit Reporting Act credit monitoring protections to all members of the armed forces. You would qualify even if you are not on active duty. The bill would define an "armed forces member consumer" and use the Title 10 federal definition of "armed forces." These changes would start 1 year after enactment.

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Sponsors & CoSponsors

Sponsor

Amy Klobuchar

MN • D

Cosponsors

  • Kevin Cramer

    ND • R

    Sponsored 6/12/2025

  • Andy Kim

    NJ • D

    Sponsored 6/12/2025

  • Steve Daines

    MT • R

    Sponsored 6/12/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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