S. 1316Senate118th Congress (2023-2025)Passed Senate

Servicemembers’ Credit Monitoring Enhancement Act

Introduced April 26, 2023

AI-Generated Summary

Updated January 20, 2026 at 6:42 AM UTC

The bill amends the Fair Credit Reporting Act to broaden the definition of who qualifies for special credit‑monitoring protections. It changes the term “active duty military consumer” to “armed forces member consumer,” covering any member of the armed forces regardless of duty status. This expands credit‑monitoring rights for all service members and updates the language used by credit reporting agencies.

Key Provisions

  • Redefines “armed forces member consumer” to include any member of the armed forces, no matter their duty status.
  • Replaces the term “active duty military consumer” with “armed forces member consumer” in sections 605A(k) and 625(b)(1)(K) of the Fair Credit Reporting Act, extending credit‑monitoring requirements to all service members.

Legislative Activity

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7 earlier actions
HouseFloor Latest Action

Held at the desk.

November 15, 2024 • 9:21 AM

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SenateIntro Referral

Introduced in Senate

April 26, 2023

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

April 26, 2023

SenateCommittee

Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

November 13, 2024

SenateFloor

Measure laid before Senate by unanimous consent. (consideration: CR S6567)

November 13, 2024

SenateFloor

Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S6567)

November 13, 2024

SenateFloor

Message on Senate action sent to the House.

November 14, 2024

HouseFloor

Received in the House.

November 15, 2024 • 9:14 AM

HouseFloor

Held at the desk.

November 15, 2024 • 9:21 AM

Floor Debate

1 member

What members said about S. 1316 on the floor

1 Democrat
Charles E. Schumer
Sen. Charles E. SchumerD-NY · Nov 13, 2024

Mr. President, I ask unanimous consent that the Committee on Banking, Housing, and Urban Affairs be discharged from further consideration of S. 1316 and the Senate proceed to its immediate…

Bill Text

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Latest
Engrossed in SenateIssued November 13, 2024

118th CONGRESS

2d Session

S. 1316

AN ACT

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.

1.

Credit monitoring

The Fair Credit Reporting Act (15 U.S.C. 1681 et seq.) is amended—

(1)

in section 605A(k) (15 U.S.C. 1681c–1(k))—

(A)

by striking paragraph (1) and inserting the following:

(1)

Definitions

In this subsection:

(A)

Armed forces

The term armed forces has the meaning given the term in section 101(a) of title 10, United States Code.

(B)

Armed forces member consumer

The term armed forces member consumer means a consumer who, regardless of duty status, is a member of the armed forces.

; and

(B)

in paragraph (2)(A), by striking active duty military consumer and inserting armed forces member consumer; and

(2)

in section 625(b)(1)(K) (15 U.S.C. 1681t(b)(1)(K)), by striking active duty military consumers and inserting armed forces member consumers.

Passed the Senate November 13, 2024.

Secretary