S. 2074 – Reading Mode

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.

Short title

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

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