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S 1028 109th Congress Senate 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: May 12, 2005 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2005
Read twice and referred to the Committee on Armed Services. (text of measure as introduced: CR S5159-5160)
May 12, 2005
Sponsor introductory remarks on measure. (CR S5158-5159)
May 12, 2005
Introduced in Senate
 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 E-1 through E-4 members to pay for private sector insurance through pay allotments without a written certification of counseling.

What's happening now May 12, 2005

Read twice and referred to the Committee on Armed Services. (text of measure as introduced: CR S5159-5160)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1