S. 2074 – Servicemembers’ Credit Monitoring Enhancement Act

AI-Generated Summary

Updated March 6, 2026 at 4:13 AM UTC

The Servicemembers’ Credit Monitoring Enhancement Act expands the definition of who is covered by credit‑monitoring protections under the Fair Credit Reporting Act. It changes the term “active duty military consumer” to “armed forces member consumer,” covering all members of the armed forces, not just those on active duty. This broader definition applies to credit‑monitoring requirements and will become effective one year after the law is passed.

Key Provisions

Amends the Fair Credit Reporting Act to replace the term “active duty military consumer” with a broader term “armed forces member consumer,” which includes anyone who is a member of the armed forces, regardless of duty status.
Updates the definition in the credit‑monitoring section (605A(k)) and the related provision (625(b)(1)(K)) to use the new broader term.
Sets the changes to take effect one year after the law is enacted.

Legislative Activity

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6 earlier actions

HouseFloor Latest Action

Held at the desk.

March 16, 2026 • 3:06 PM

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SenateIntro Referral

Introduced in Senate

June 12, 2025

SenateIntro Referral

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

Banking, Housing, and Urban Affairs Committee

June 12, 2025

SenateCommittee

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

Banking, Housing, and Urban Affairs Committee

March 5, 2026

SenateFloor

Passed Senate without amendment by Unanimous Consent. (consideration: CR S877-878; text: CR S877-878)

March 5, 2026

SenateFloor

Message on Senate action sent to the House.

March 16, 2026

HouseFloor

Received in the House.

March 16, 2026 • 3:00 PM

HouseFloor

Held at the desk.

March 16, 2026 • 3:06 PM

Floor Debate

1 member

What members said about S. 2074 on the floor

1 Republican

Sen. John ThuneR-SD · Mar 5, 2026

Mr. President, I ask unanimous consent that the Committee on Banking, Housing, and Urban Affairs be discharged from further consideration of S. 2074 and the Senate proceed to its immediate…

Bill Text

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Engrossed in SenateIssued March 5, 2026

119th CONGRESS

2d Session

S. 2074

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.

Short title

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

2.

Credit monitoring

(a)

In general

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.

(b)

Effective date

The amendments made by subsection (a) shall take effect on the date that is 1 year after the date of enactment of this Act.

Passed the Senate March 5, 2026.

Secretary