PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Military Personnel.
Congressional Research Service
Version 00 · Introduced in House · May 25, 2017
Transparency in Military Lending Act of 2017
This bill requires a creditor to provide to a member of the Armed Forces on active regular, reserve, or National Guard duty or such member's dependent, with respect to any extension of consumer credit, and to obtain the member's or dependent's signed acknowledgement of: (1) a statement that the Department of Defense (DOD) and each service branch offers a variety of financial counseling services; (2) a statement that other, potentially lower interest rate loans may be available through other financial institutions and military relief societies; (3) contact information for the nearest DOD financial counseling office; and (4) a statement of the actual cost of the extension of credit when paid off at different points over time.
DOD shall prepare a list of DOD financial counseling offices and make such list available to creditors and the public.
People & committees
Rep. Kildee, Daniel T. [D-MI-5] · D–MI
Legislative record
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Referred to the Subcommittee on Military Personnel.
Referred to the House Committee on Armed Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 11, 2025. Consult Congress.gov for the current record.
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