S.Amdt. 2693

SA 2693. Mr. NELSON submitted an amendment intended to be proposed to
amendment SA 2282 submitted by Mr. Inhofe (for himself and Mr. McCain)
to the bill H.R. 5515, to authorize appropriations for fiscal year 2019
for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At the end of title VI, add the following:

Subtitle E--Military Lending Act and Related Matters

SEC. 641. SHORT TITLE.

This subtitle may be cited as the ``Military Lending
Improvement Act of 2018''.

SEC. 642. DECREASE IN MAXIMUM AUTHORIZED ANNUAL PERCENTAGE
RATE ON CREDIT FOR MEMBERS OF THE ARMED FORCES.

(a) Decrease in Rate.--Section 987(b) of title 10, United
States Code, is amended by striking ``36 percent'' and
inserting ``24 percent''.
(b) Effective Date.--The amendment made by subsection (a)
shall take effect on the date that is 180 days after the date
of the enactment of this Act, and shall apply with respect to
consumer credit extended on or after such effective date.

SEC. 643. ENHANCED PROTECTION AGAINST DEBT COLLECTOR
HARASSMENT OF MEMBERS OF THE ARMED FORCES.

(a) Communication in Connection With Debt Collection.--
Section 805 of the Fair Debt Collection Practices Act (15
U.S.C. 1692c) is amended by adding at the end the following:
``(e) Communications Concerning Servicemember Debts.--
``(1) Definition.--In this subsection, the term `covered
member' has the meaning given the term in section 987(i) of
title 10, United States Code.
``(2) Prohibition.--A debt collector may not communicate,
in connection with the collection of any debt, with the
commanding officer or officer in charge of any covered
member, including for the purpose of acquiring location
information about the covered member.''.
(b) False or Misleading Representations.--Section 807 of
the Fair Debt Collection Practices Act (15 U.S.C. 1692e) is
amended by adding at the end the following:
``(17) The false representation to any covered member, as
defined in section 987(i) of title 10, United States Code,
that failure to cooperate with a debt collection will result
in prosecution under chapter 47 of title 10, United States
Code (the Uniform Code of Military Justice).''.

SEC. 644. DATA PROTECTION STANDARDS FOR CREDIT REPORTING
AGENCIES THAT USE DEPARTMENT OF DEFENSE
PERSONNEL DATA.

(a) Determination on Adequacy of Data Protection
Standards.--Not later than one year after the date of the
enactment of this Act, the Secretary of Defense shall, in
consultation with the Federal Trade Commission, determine
whether or not each entity that downloads Military Lender Act
bulk data from the Defense Manpower Data Center uses adequate
safeguards to protect the downloaded data against breach or
other potential misuse. The Secretary shall make the
determination using a study of the practices of such entities
conducted by the Secretary for purposes of this subsection.
(b) Termination of Access to Bulk Data.--If pursuant to
subsection (a), the Secretary determines that the safeguards
of an entity described in that subsection are not adequate as
described in that subsection, the Secretary shall terminate
the access of the entity to bulk data described in that
subsection by not later than 30 days after the date of the
determination.
(c) Restoration of Access to Bulk Data.--If access of an
entity to bulk data is terminated pursuant to subsection (b),
the Secretary may subsequently restore access of the entity
to bulk data if the Secretary determines that the entity has
taken remedial measures to ensure that any data downloaded
from such bulk data is adequately protected against breach or
other potential misuse.
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