What does Preamble of S 2074 do?

This bill amends the Fair Credit Reporting Act. The amendment expands the definition of an active duty military consumer. This expansion pertains to certain credit monitoring requirements.

What does SHORT TITLE. of S 2074 do?

This bill is formally titled the Servicemembers' Credit Monitoring Enhancement Act.

What does CREDIT MONITORING. of S 2074 do?

This section amends the Fair Credit Reporting Act (15 U.S.C. 1681 et seq.) to modify definitions related to credit monitoring. Specifically, it redefines 'armed forces member consumer' to include all members of the armed forces, regardless of duty status. The Act replaces 'active duty military consumer' with 'armed forces member consumer' in sections 605A(k) and 625(b)(1)(K) of the Fair Credit Reporting Act. The amendments will take effect one year after the date of enactment of this Act.

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Servicemembers’ Credit Monitoring Enhancement Act — S. 2074

Last updated: 3/5/2026 · Introduced: 6/12/2025

Author: Amy Klobuchar (D-MN)

TL;DR (AI)

This bill expands credit monitoring protections to all members of the armed forces, regardless of their duty status.
It replaces the term 'active duty military consumer' with 'armed forces member consumer' in specific sections of the Fair Credit Reporting Act.
The changes to credit monitoring requirements will take effect one year after the bill's enactment.

119th Congresspassed senateOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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