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Military Financial Protection: New Advisory Committee for Service Members and Families

This act establishes a new advisory committee within the Department of Defense to improve financial services for military members and their families. The committee will review military banking programs, analyze relevant laws, and recommend improvements to ensure safe and effective financial services. This aims to help service members better manage their personal finances.
Key points
Creation of a new advisory committee within the Department of Defense to oversee military financial services.
The committee will evaluate banking programs for service members and their families, seeking improvements.
The goal is to ensure safe and effective financial services for military personnel, both domestically and abroad.
The committee will operate for five years, regularly reporting to Congress and the Secretary of Defense.
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Additional Information
Print number: 118_HR_10488
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2024-12-18
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Military Financial Services Protection Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10488.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-12-18.

What are the main provisions?

Key points include:

  • Creation of a new advisory committee within the Department of Defense to oversee military financial services.
  • The committee will evaluate banking programs for service members and their families, seeking improvements.
  • The goal is to ensure safe and effective financial services for military personnel, both domestically and abroad.
  • The committee will operate for five years, regularly reporting to Congress and the Secretary of Defense.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Armed Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

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