[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 1316 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 1316

 To amend the Fair Credit Reporting Act to expand the definition of an 
active duty military consumer for purposes of certain credit monitoring 
                 requirements, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 26, 2023

  Ms. Klobuchar (for herself, Mr. Cramer, Mr. Carper, and Mr. Daines) 
introduced the following bill; which was read twice and referred to the 
            Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To amend the Fair Credit Reporting Act to expand the definition of an 
active duty military consumer for purposes of certain credit monitoring 
                 requirements, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Servicemembers' Credit Monitoring 
Enhancement Act''.

SEC. 2. CREDIT MONITORING.

    (a) In General.--Section 605A(k) of the Fair Credit Reporting Act 
(15 U.S.C. 1681c-1(k)) is amended--
            (1) by amending paragraph (1) to read as follows:
            ``(1) Definitions.--In this subsection:
                    ``(A) Uniformed services.--The term `uniformed 
                services' has the meaning given the term in section 
                101(a) of title 10, United States Code.
                    ``(B) Uniformed services member consumer.--The term 
                `uniformed services member consumer' means a consumer 
                who, regardless of duty status, is--
                            ``(i) a member of the uniformed services; 
                        or
                            ``(ii) a spouse, or a dependent who is not 
                        less than 18 years old, of a member of the 
                        uniformed services.''; and
            (2) in paragraph (2)(A), by striking ``active duty military 
        consumer'' and inserting ``uniformed services member 
        consumer''.
    (b) Regulations.--The Federal Trade Commission shall issue rules to 
carry out the amendments made by subsection (a).
    (c) Effective Date.--The amendments made by subsection (a) shall 
take effect on the date that is 1 year after the date on which the 
Federal Trade Commission issues the final rule under subsection (b).
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