[Congressional Record Volume 161, Number 78 (Wednesday, May 20, 2015)]
[Extensions of Remarks]
[Page E761]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     FORECLOSURE PROTECTION FOR MILITARY SERVICEMEMBERS LEGISLATION

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                        HON. STEPHEN LEE FINCHER

                              of tennesee

                    in the house of representatives

                        Wednesday, May 20, 2015

  Mr. FINCHER. Mr. Speaker, as our economy continues to recover, some 
military servicemembers, particularly those leaving active duty, are 
facing financial challenges, such as finding new employment, among 
other things. Additionally, a slow recovering real-estate market in 
some areas of the country can make it difficult for military members to 
sell their homes or purchase new ones upon receiving new orders.
  That's why I'm introducing legislation today, with the gentleman from 
Washington, Mr. Denny Heck, to provide a one year extension of 
foreclosure protection for military servicemembers leaving active duty. 
In 2014, Congress extended the Servicemembers Civil Relief Act 
protection against foreclosure for military personnel to a year post-
military service to help give servicemembers time to get on their feet 
financially and avoid the stress of potentially losing their home. 
These financial challenges still exist for many servicememebers, 
particularly those reacclimating to civilian life after serving abroad.
  Our nation's military personnel are the best in the world, willingly 
putting their lives on the lines to protect our freedoms every day. The 
least we can do for them is to ensure they have a home when they leave 
active duty service.
  The gentleman from Washington, Mr. Heck, and I are pleased to be 
introducing this bill today. I encourage my colleagues to join me in 
supporting this legislation.

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