PRIA Logo™
119-s-1550119th CongressWALLET

Improving SCRA Benefit Utilization Act of 2025

Sponsored By: Senator Ossoff, Jon [D-GA]

Introduced

Summary

This bill would make SCRA consumer protections a required part of military financial literacy and strengthen notices and creditor rules so service members can access interest-rate relief more easily.

Show full summary
  • Service members and their families would get mandatory training on Servicemembers Civil Relief Act protections, including the SCRA interest-rate limit, so they can identify and use those benefits.
  • Reserve component members would receive SCRA notices when they first join the reserves and again if mobilized or ordered to active duty for more than 30 days.
  • Creditors would have to treat debts as protected from the date a service member is called to military service and apply protections to other obligations even if those obligations were not named in prior notices.
  • Creditors must provide online, mail, or fax options so service members can submit documents needed to secure the SCRA interest-rate cap.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Lower interest for servicemembers' debts

If enacted, creditors would have to apply the SCRA 6% interest cap to debts from the date you were called to service. The cap would cover other obligations to the same creditor even if you did not list them in your notice. Creditors would also have to let you submit required documents online, by mail, or by fax when you ask.

More SCRA notices for service members

If enacted, the military would have to give you written notice about SCRA benefits when you first enter service. If you join a reserve component, you would get notice when you first enter reserve service. Reservists would get another notice if mobilized or ordered to active duty for more than 30 days.

Teach military members about SCRA protections

If enacted, required Department of Defense financial training for service members would include consumer protections under the SCRA. Training would specifically cover the SCRA 6% interest-rate limit and how members and their dependents can use that protection.

Sponsors & CoSponsors

Sponsor

Ossoff, Jon [D-GA]

GA • D

Cosponsors

  • Sen. Scott, Rick [R-FL]

    FL • R

    Sponsored 5/1/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation