HR 3472 109th Congress House Armed Forces and National Security Casualty insurance Commerce Consumer education Counseling Families Finance and Financial Sector Financial services Government life insurance Insurance Investments Life insurance Marketing Military dependents Military education Military pay Military personnel Military promotions Military training Payroll deductions

Military Personnel Financial Services Education Act of 2005

Introduced: July 27, 2005 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 27, 2005

Referred to the House Committee on Armed Services.

Jul 27, 2005

Introduced in House

Plain-English summary Congressional Research Service

Military Personnel Financial Services Education Act of 2005 - Provides financial services and life insurance consumer education for members of the Armed Forces and their spouses, which shall be provided as a component of initial entry and recurring training. (Such training shall include information on financial services marketing practices that are particularly prevalent at a military installation and vicinity.)

Provides financial services counseling for members of the Armed Forces, and upon request, for their spouses. Requires a full-time trained counselor at installations with at least 750 assigned personnel, and other counseling at smaller installations.

Requires counselors to provide members or spouses with information on Servicemembers' Group Life Insurance when providing information on private sector life insurance. Prohibits junior enlisted members (members of the Armed Forces in pay grades E-1 through E-4) from paying for private sector insurance through pay allotments without a written certification of counseling.

What's happening now July 27, 2005

Referred to the House Committee on Armed Services.

Committees of jurisdiction 1