Servicemembers’ Credit Monitoring Enhancement Act

This Act may be cited as the “Servicemembers’ Credit Monitoring Enhancement Act”.

(a) In general.— The Fair Credit Reporting Act (15 U.S.C. 1681 et seq.) is amended—

(1) in section 605A(k) (15 U.S.C. 1681c–1(k))—

(A) by striking paragraph (1) and inserting the following:

“(1) Definitions.— In this subsection:

(A) Armed forces.— The term armed forces has the meaning given the term in section 101(a) of title 10, United States Code.

(B) Armed forces member consumer.— The term armed forces member consumer means a consumer who, regardless of duty status, is a member of the armed forces.”; and

(B) in paragraph (2)(A), by striking “active duty military consumer” and inserting “armed forces member consumer”; and

(2) in section 625(b)(1)(K) (15 U.S.C. 1681t(b)(1)(K)), by striking “active duty military consumers” and inserting “armed forces member consumers”.

(b) Effective date.— The amendments made by subsection (a) shall take effect on the date that is 1 year after the date of enactment of this Act.