[Congressional Record (Bound Edition), Volume 160 (2014), Part 12]
[Extensions of Remarks]
[Page 17140]
[From the U.S. Government Publishing Office, www.gpo.gov]




     FORECLOSURE PROTECTION FOR MILITARY SERVICEMEMBERS LEGISLATION

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                        HON. STEPHEN LEE FINCHER

                              of tennessee

                    in the house of representatives

                       Thursday, December 4, 2014

  Mr. FINCHER. Mr. Speaker, as our economy continues to recover, some 
military servicemembers, particularly those leaving active duty, are 
facing financial challenges, such as find 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 2012, Congress extended the Servicemembers Civil Relief Act 
protection against foreclosure for military personnel from three months 
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 service 
members, particularly those re-acclimating to civilian life after 
serving abroad.
  Extending this one-year protection from foreclosure time frame for an 
additional one- year will provide uniform treatment for servicemembers 
for an additional year and avoid confusion among servicemembers that 
could result if the time frame reverts to three months.
  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 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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