Skip to content
Govbase
Govbase

Congress Moves to Enforce 6% Interest Rate Cap for Service Members

May 1, 2025 – February 24, 2026

Bipartisan legislation aims to strengthen the Servicemembers Civil Relief Act by mandating a 6% interest rate cap across all accounts and requiring financial training for troops. The proposed 'Improving SCRA Benefit Utilization Act' seeks to ensure service members receive these protections.

Policies— 2 policys

Congress Proposes Bill to Help Troops Lower Interest Rates and Access Financial Protections

H.R. 3159

Bipartisan Bill Requires Banks to Lower Interest Rates for All Military Member Debts

S. 1550

Analysis generated by AI. Always verify with official sources.