3.0.0 1028 2023-01-13T04:48:08Z 2023-01-13T04:48:08Z Senate S S 2005-05-12 109 ssas00 Armed Services Committee Senate Standing Referred to 2005-05-12T22:45:22Z Military Personnel Financial Services Education Act of 2005 109 3472 HR 2005-07-27 Referred to the House Committee on Armed Services. Related bill CRS 2005-05-12 ssas00 Armed Services Committee Senate Read twice and referred to the Committee on Armed Services. (text of measure as introduced: CR S5159-5160) IntroReferral 2005-05-12 Sponsor introductory remarks on measure. (CR S5158-5159) IntroReferral B00100 9 Library of Congress 2005-05-12 Introduced in Senate IntroReferral 10000 9 Library of Congress C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R N C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2005-05-12 True Armed Forces and National Security Casualty insurance Commerce Consumer education Counseling Families Finance and Financial Sector Financial services Government life insurance Insurance Investments Life insurance Marketing Military dependents Military education Military pay Military personnel Military promotions Military training Payroll deductions Social Welfare Armed Forces and National Security 00 2005-05-12 Introduced in Senate 2005-07-08T14:27:32Z Military Personnel Financial Services Education Act of 2005 - Provides financial services and life insurance consumer education for members of the Armed Forces and their spouses, which shall be provided as a component of initial entry and recurring training. (Such training shall include information on financial services marketing practices that are particularly prevalent at a military installation and vicinity.)

Provides financial services counseling for members of the Armed Forces, and upon request, for their spouses. Requires a full-time trained counselor at installations with at least 750 assigned personnel, and other counseling at smaller installations.

Requires counselors to provide members or spouses with information on Servicemembers' Group Life Insurance when providing information on private sector life insurance. Prohibits E-1 through E-4 members to pay for private sector insurance through pay allotments without a written certification of counseling.

]]> Military Personnel Financial Services Education Act of 2005 Display Title Military Personnel Financial Services Education Act of 2005 Official Title as Introduced A bill to amend title 10, United States Code, to enhance the protection of members of the Armed Forces and their spouses from unscrupulous financial services sales practices through increased consumer education, and for other purposes. Introduced in Senate IS Short Titles as Introduced Military Personnel Financial Services Education Act of 2005 Introduced in Senate 2005-05-12T04:00:00Z 2005-05-12 Read twice and referred to the Committee on Armed Services. (text of measure as introduced: CR S5159-5160) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.