Military Personnel Financial Services Education Act of 2005
Latest action · Jul 27, 2005 Referred to the House Committee on Armed Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 27, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 7
Members who signed on, in the order they did. All signed on Jul 27, 2005.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Charles B. Rangel | Original | Jul 27, 2005 |
| D-TX | Chet Edwards | Original | Jul 27, 2005 |
| D-IL | Danny K. Davis | Original | Jul 27, 2005 |
| D-FL | Debbie Wasserman Schultz | Original | Jul 27, 2005 |
| D-NJ | Frank Pallone, Jr. | Original | Jul 27, 2005 |
| D-MA | James P. McGovern | Original | Jul 27, 2005 |
| D-CT | Rosa L. DeLauro | Original | Jul 27, 2005 |
Actions 2
Everything that happened, newest first.
- Jul 27, 2005Introduced in House
- Jul 27, 2005Referred to the House Committee on Armed Services.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1028 | Military Personnel Financial Services Education Act of 2005 | Related bill | May 12, 2005 |
Subjects
Assigned by the Library of Congress. Policy area: Armed Forces and National Security.
- 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
- Social Welfare
Text 1
Each version as it was printed, newest first.
- Jul 27, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.