109 HR 4563 IH: Servicemembers Interest Rate Relief Act of 2005 U.S. House of Representatives 2005-12-15 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.

I 109th CONGRESS 1st Session H. R. 4563 IN THE HOUSE OF REPRESENTATIVES December 15, 2005 Mr. Ryun of Kansas introduced the following bill; which was referred to the Committee on Veterans’ Affairs A BILL To amend the Servicemembers Civil Relief Act to provide improved interest rate relief for servicemembers during periods of military service.

1.

Short Title

This Act may be cited as the Servicemembers Interest Rate Relief Act of 2005.

2.

Improved Interest Rate Relief

Section 207 of the Servicemembers Civil Relief Act (50 U.S.C. App. 527) is amended by adding at the end the following new subsection: (e)

Temporary Interest Rate Provision

In the case of any interest incurred during the period beginning on October 1, 2006, and ending on September 30, 2009, the preceding subsections of this section shall be applied by substituting 5 percent for 6 percent each place it appears..