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HR 3850 114th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Civil actions and liability Consumer Financial Protection Bureau Consumer credit Financial services and investments Government employee pay, benefits, personnel management Government studies and investigations Interest, dividends, interest rates Legal fees and court costs Veterans' pensions and compensation

ASSURE Act of 2015

Introduced: October 28, 2015 See on congress.gov
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 23, 2015
Referred to the Subcommittee on Military Personnel.
Nov 6, 2015
Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Oct 28, 2015
Referred to the Committee on Financial Services, and in addition to the Committees on Veterans' Affairs, Armed Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 28, 2015
Introduced in House
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 Plain-English summary Congressional Research Service

Annuity Safety and Security Under Reasonable Enforcement Act of 2015 or the ASSURE Act of 2015

Amends the Truth in Lending Act to direct the Consumer Financial Protection Bureau (CFPB) to issue regulations requiring any payment to a recipient of a federal or military pension (a benefit recipient) that diminishes the benefit recipient's ability to control payments from such pension to be treated as an extension of credit.

Requires financial institutions to include the terms of such credit in consumer information disclosures.

Prohibits the annual percentage rate of interest on such arrangements from exceeding the federal funds rate plus 6% or an equivalent aggregate amount of cash and property.

Specifies conditions under which payment of consideration in exchange for the retired pay of enlisted military members is prohibited from assignment under veterans' benefits laws.

Prohibits individuals from making allotments or assignments from annuities under the Civil Service Retirement System (CSRS) or the Federal Employees' Retirement System (FERS), including any agreement under which another person acquires for consideration the right to receive payment from such annuities as well as any arrangement for collateral for security for such an agreement. Exempts union dues or payments to employee organizations from such prohibitions.

Authorizes benefit recipients, individuals entitled to military retired pay, and annuity recipients to bring a private legal action in federal or state court against an assignee engaging in prohibited assignments.

Amends the Consumer Financial Protection Act of 2010 to direct the CFPB to issue regulations requiring persons offering federal or military pension-related products to provide additional disclosures when advertising or selling such products to allow consumers to understand how their pension relates to the product.

What's happening now November 23, 2015

Referred to the Subcommittee on Military Personnel.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 6
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APA
U.S. Congress. (2026). H.R. 3850: ASSURE Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3850/
MLA
"H.R. 3850: ASSURE Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3850/.
Bluebook (legal)
H.R. 3850, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3850/.
Markdown link
[H.R. 3850: ASSURE Act of 2015](https://openamerica.io/bill/114-HR-3850/)
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