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H.R. 3159119th CongressIn markupLatest action May 14, 2026Decoded by AI · checked against the record
Official title: Improving SCRA Benefit Utilization Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 3159 would force lenders to apply the 6% SCRA interest cap to all a service member's debts once notified, not just named accounts.
50-second read · 4 questions answered below
HR 3159 changes how the 6% interest rate cap under the Servicemembers Civil Relief Act applies to military debt. Once a lender receives notice from a service member, the cap would automatically apply to all debts that service member holds with that lender, not only debts specifically listed. The bill also adds SCRA financial rights training to existing military education and requires reservists to be notified of their rights at enlistment and again before any active duty period exceeding 30 days.
The bill affects active duty military members, National Guard and Reserve members called to active duty for more than 30 days, and their families. It also places new obligations on banks, credit card companies, and other lenders holding pre-service debts.
Lenders would be required to accept SCRA paperwork online, by mail, or by fax, expanding the ways service members can submit requests. The stated aim is to increase actual use of protections that already exist under current law.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Ordered to be Reported in the Nature of a Substitute by Voice Vote.