,,ii  #aac? ,,congress  #a/ ,session    
,s4 #agda  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #bj1 #bjac,mr4
 ,m>key introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,arm$ ,s]vices  ,a ,,bill  ,to direct ! 
,"u ,secret>y ( ,def5se 7,comptroll]7 to
 c>ry out a pilot program to develop    
innovative consum] f9ancial products t  
enc\rage sav+s & weal?-creation among   
memb]s ( ! ,arm$ ,=ces on active duty4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,milit>y ,sav+s ,act ( #bjac4  #b4    
,consum] f9ancial products pilot program
  7a7 ,9 g5]al ,! ,"u ,secret>y (       
,def5se 7,comptroll]7 %all c>ry out a   
#e-ye> pilot program to develop         
innovative consum] f9ancial products t  
enc\rage sav+s & weal?-creation among   
memb]s ( ! ,arm$ ,=ces on active duty4  
7b7 ,objectives ,f9ancial products      
develop$ "u ?is section may be design$  
to-- 7#a7 increase ! rate ( sav+s among 
memb]s ( ! ,arm$ ,=ces on active duty by
 provid+ automatic deposit into a sav+s 

acc\nt ( special pay & all[ances receiv$
 by su* a memb]1 includ+ special pay &  
all[ances receiv$ on acc\nt ( !         
deploym5t ( ! memb]2  7#b7 r$uce ! ne$ =
 high-co/ %ort-t]m l5d+ s]vices by      
provid+ alt]natives to memb]s ( ! ,arm$ 
,=ces on active duty1 su* z f9ancial    
in/itutions provid+ an option = su*     
memb]s to receive advances on _! sal>y  
paym5ts-- 7,a7 9 a mann] t p]mits su*   
memb]s to receive pay 9 m frequ5t       
in/allm5ts2 &  7,b7 "u :i* any int]e/ or
 fees on su* advances-- 7i7 does n exce$
 ! rate describ$ 9 section #ihg7;b7 (   
title #aj1 ,unit$ ,/ates ,code2 &  7ii7 
adh]es to ! ,af=dable ,small-,doll>     
,loan ,guidel9es ( ! ,f$]al ,deposit    
,insurance ,corporation2  7#c7 address  
ob/acles to traditional consum] bank+ & 
l5d+ = memb]s ( ! ,arm$ ,=ces ) limit$  
cr$it hi/ory2 &  7#d7 o!rwise enc\rage  
sav+s & weal?-creation among memb]s ( ! 
,arm$ ,=ces on active duty4  7c7 ,no    
exac]bation ( cr$it ov]ext5sion ,! pilot
 program c>ri$ out "u ?is section %all  

be c>ri$ out 9 a mann] t does n         
exac]bate ! incid5ce ( cr$it ov]ext5sion
 among memb]s ( ! ,arm$ ,=ces4  7d7     
,implem5tation  7#a7 ,selection (       
milit>y in/allations ,! ,"u ,secret>y   
%all select at lea/ #aj milit>y         
in/allations on :i* to implem5t ! pilot 
program4  7#b7 ,incorporation into      
op]at+ agreem5ts ,a f9ancial in/itution 
seek+ to beg9 op]at+ on a milit>y       
in/allation select$ by ! ,"u ,secret>y  
"u p>agraph 7#a71 or seek+ to r5ew an   
agreem5t to op]ate on su* an            
in/allation1 %all-- 7,a7 agree to (f] ! 
consum] f9ancial products develop$ "u   
?is section2 &  7,b7 notify memb]s ( !  
,arm$ ,=ces t are cu/om]s ( ! in/itution
 ab\t ! availability ( ! consum]        
f9ancial products develop$ "u ?is       
section4  7e7 ,consultation ,9 develop+ 
consum] f9ancial products "u ?is        
section1 ! ,"u ,secret>y %all consult ) 
,f$]al bank+ regulators ) exp]tise 9    
depository in/itutions1 ,f$]al ag5cies )
 exp]i5ce regulat+ f9ancial products1 & 

consum] & milit>y s]vice organizations )
 relevant f9ancial exp]tise4  7f7       
,indep5d5t evaluation  7#a7 ,9 g5]al ,n 
lat] ?an ! date t is #b ye>s aft] ! date
 ( ! enactm5t ( ?is ,act1 & annually    
!reaft] until ! end ( ! pilot program1 !
 ,"u ,secret>y %all contract = an       
indep5d5t evaluation ( ! pilot program  
c>ri$ out "u ?is section4 ,su*          
evaluation %all-- 7,a7 include ! degree 
to :i* ! pilot program succe$$ 9 ! goals
 ( increas+ usage ( sav+s products1     
programs1 & tools among memb]s ( ! ,arm$
 ,=ces on active duty2 &  7,b7 be       
conduct$ by a contractor ) k ( consum]  
f9ancial products & exp]i5ce 9 !        
evaluation ( su* products4  7#b7 ,report
 ,aft] ea* evaluation c>ri$ out pursuant
 to p>agraph 7#a71 ! ,"u ,secret>y %all 
submit to ! ,committees on ,arm$        
,s]vices & ,bank+1 ,h\s+1 & ,urban      
,affairs ( ! ,s5ate & ! ,committees on  
,arm$ ,s]vices & ,f9ancial ,s]vices ( ! 
,h\se ( ,repres5tatives a report conta9+
 all f9d+s & conclusions made by !      

contractor 9 conduct+ ! evaluation4  7g7
 ,expansion ( pilot program ,not)/&+    
subsection 7a71 ! ,"u ,secret>y may exp&
 ! pilot program1 includ+ ext5d+ !      
duration ( ! program & exp&+ ! program  
to make x a nationwide program1 to !    
ext5t det]m9$ appropriate by ! ,"u      
,secret>y1 if ! ,"u ,secret>y det]m9es t
 su* expansion is expect$ to-- 7#a7     
improve ! rates ( sav+s among memb]s ( !
 ,arm$ ,=ces & _! families2 or  7#b7    
decrease ! ne$ = memb]s ( ! ,arm$ ,=ces 
& _! families to rely on payday l5d]s   
)\t exac]bat+ cr$it ov]ext5sion4  7h7   
,f9ancial in/itution def9$ ,9 ?is       
section1 ! t]m f9ancial in/itution means
 an insur$ depository in/itution 7z     
def9$ 9 section #c7;c77#b7 ( ! ,f$]al   
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac7;c77#b777 or a cr$it union4