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H.R.3472 / 109th Congress

Military Personnel Financial Services Education Act of 2005

Referred to the House Committee on Armed Services.

Official summary

Version 00 · Introduced in House · Jul 27, 2005

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.

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Who introduced it

Rep. Emanuel, Rahm [D-IL-5] · D–IL

Committees

  • Armed Services Committee
7 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the House Committee on Armed Services.

  2. Introduced in House

  3. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.

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