U.S. SENATE – U.S. Senator Steve Daines introduced the bipartisan “Servicemembers’ Credit Monitoring Enhancement Act” to provide free credit monitoring for all Montana servicemembers and their families. Currently, only active duty servicemembers and members of the National Guard are eligible for free credit monitoring services.
“As the son of a United States Marine, I know firsthand the great sacrifice made by servicemembers and their families. The last thing they should have to worry about is credit fraud or identity theft. I’ll always work to find common sense, bipartisan solutions for Montana military families who have given so much for our state and our nation,” said Daines.
The “Servicemembers’ Credit Monitoring Enhancement Act” would expand eligibility for free credit monitoring to military spouses and dependents over 18 years old as well as all servicemembers, including non-active duty reservists.
The legislation is endorsed by The Military Coalition, including 24 of their servicemember organizations, and TransUnion.
“The current law, known as the Fair Credit Reporting Act, provides a safety net for most but not for all of our uniformed services as we would intend. The key to oversight is to expand the current law to include all servicemembers – a course of action TMC has long supported. We appreciate that this legislation also expands credit monitoring coverage to spouses and dependents of uniformed servicemembers,” – Jack Du Teil, President of The Military Coalition.
“Congress has long recognized that free credit reporting for active duty military can help keep service members informed about their financial health and offer some peace of mind while they focus on their mission. This legislation is a welcome expansion of those efforts that we are proud to support, providing more help to more service members and their families,” – TransUnion.