,,ii #aahth ,,congress #ast ,session ,s4 #bebh ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #bf1 #bjbc,mrs4 ,feinstein introduced the following bill2 which was read twice and referred to the ,committee on ,armed ,services ,a ,,bill ,to require verification of the financial independence of financial services counselors in the ,department of ,defense4 #a4 ,verification of the financial independence of financial services counselors in the ,department of ,defense 7a7 ,verification of financial independence ,section #iib7;b7 of title #aj1 ,united ,states ,code1 is amended-- 7#a7 in paragraph 7#b77;,a7-- 7,a7 in clause 7i71 by striking and at the end2 7,b7 in clause 7ii7-- 7i7 by striking may and inserting shall2 7ii7 by striking installation by any means elected by the ,secretary from among the following3 and inserting installation--2 7iii7 in subclause 7,i7-- 7,i7 by striking ,through and inserting through2 and 7,,ii7 by striking ,defense4 and inserting ,defense22 7iv7 in subclause 7,,ii7-- 7,i7 by striking ,by contract and inserting by contract2 and 7,,ii7 by striking ,internet4 and inserting ,internet2 or2 and 7v7 in subclause 7,,iii7-- 7,i7 by striking ,through and inserting through2 and 7,,ii7 by striking counseling4 and inserting counseling2 and2 and 7,c7 by adding at the end the following new clause3 7iii7 may not provide financial services through any individual unless such individual agrees to submit financial disclosures annually to the ,secretary4 2 7#b7 in paragraph 7#b77;,b71 by striking installation by any of the means set forth in subparagraph 7,a77ii71 as elected by the ,secretary concerned4 and inserting installation in accordance with the requirements established under clauses 7ii7 and 7iii7 of subparagraph 7,a742 and 7#c7 in paragraph 7#d7-- 7,a7 by inserting 7,a7 before ,the ,secretary2 and 7,b7 by inserting at the end the following new subparagraphs3 7,b7 ,in carrying out the requirements of subparagraph 7,a71 the ,secretary concerned shall establish a requirement that each financial services counselor under paragraph 7#b77;,a77i71 and any other individual providing counseling on financial services under paragraph 7#b71 submit financial disclosures annually to the ,secretary4 7,c7 ,the ,secretary concerned shall review all financial disclosures submitted pursuant to subparagraph 7,b7 to ensure the counselor1 or the individual providing counseling1 is free from conflict as required under this paragraph4 7,d7 ,if the ,secretary concerned determines that a financial services counselor under paragraph 7#b77;,a77i71 or any other individual providing counseling on financial services under paragraph 7#b71 is not free from conflict as required under this paragraph1 the ,secretary shall ensure that the counselor1 or the individual providing counseling1 does not provide such services until such time as the ,secretary determines that such conflict is resolved4 4 7b7 ,report on financial independence ,not later than #ahj days after the date of the enactment of this ,act1 and annually thereafter1 each ,secretary concerned shall submit to ,congress a report on the percentage of financial services counselors under paragraph 7#b77;,a77i7 of section #iib7;b7 of title #aj1 ,united ,states ,code 7as amended by subsection 7a771 and other individuals providing counseling on financial services under paragraph 7#b7 of such section 7as amended by subsection 7a771 whom the ,secretary determined to be free from conflicts as required under paragraph 7#d7 of such section 7as amended by subsection 7a774 7c7 ,secretary concerned defined ,in this section1 the term ,secretary concerned has the meaning given to such term in section #aja of title #aj1 ,united ,states ,code4