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

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.

2 policies·May 1, 2025 – February 24, 2026

Economy FinanceVeteransLabor Employment

2 Policies·Thu, May 1, 2025 – Tue, Feb 24

Policy

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

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Policy

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

congressional_bill

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