US HB2697 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-06-16 - Referred to the Subcommittee on Military Personnel.
Pending: House Subcommittee on Military Personnel Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-06-16 - Referred to the Subcommittee on Military Personnel.
Pending: House Subcommittee on Military Personnel Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Transparency in Military Lending Act of 2017 This bill requires a creditor to provide to a member of the Armed Forces on active regular, reserve, or National Guard duty or such member's dependent, with respect to any extension of consumer credit, and to obtain the member's or dependent's signed acknowledgement of: (1) a statement that the Department of Defense (DOD) and each service branch offers a variety of financial counseling services; (2) a statement that other, potentially lower interest rate loans may be available through other financial institutions and military relief societies; (3) contact information for the nearest DOD financial counseling office; and (4) a statement of the actual cost of the extension of credit when paid off at different points over time. DOD shall prepare a list of DOD financial counseling offices and make such list available to creditors and the public.
Title
Transparency in Military Lending Act of 2017
Sponsors
Rep. Daniel Kildee [D-MI] |
History
Date | Chamber | Action |
---|---|---|
2017-06-16 | House | Referred to the Subcommittee on Military Personnel. |
2017-05-25 | House | Referred to the House Committee on Armed Services. |
2017-05-25 | House | Introduced in House |
Subjects
Armed forces and national security
Consumer affairs
Consumer credit
Financial services and investments
Government information and archives
Interest, dividends, interest rates
Military personnel and dependents
Consumer affairs
Consumer credit
Financial services and investments
Government information and archives
Interest, dividends, interest rates
Military personnel and dependents
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/2697/all-info |
Text | https://www.congress.gov/115/bills/hr2697/BILLS-115hr2697ih.pdf |