S. 2074 — Introduced in Senate

II 119th CONGRESS 1st Session S. 2074 IN THE SENATE OF THE UNITED STATES June 12, 2025Ms. Klobuchar (for herself, Mr. Cramer, Mr. Kim, and Mr. Daines) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL 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.