Military Personnel Financial Services Education Act of 2005

Summary

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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Timeline

1. 27 July 2005

   Introduced

   Referred to the House Committee on Armed Services.

   Source: IntroReferral

2. 27 July 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 July 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 July 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 July 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 July 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 July 2005

  Open at official source

Sponsors

• Rep. Emanuel, Rahm [D-IL-5] · D · Sponsor
• Rep. Edwards, Chet [D-TX-17] · D · Sponsor
• Rep. Rangel, Charles B. [D-NY-19] · D · Sponsor
• Rep. Pallone, Frank [D-NJ-6] · D · Sponsor
• James McGovern · D · Sponsor
• Rosa DeLauro · D · Sponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Sponsor
• Rep. Wasserman Schultz, Debbie [D-FL-25] · D · Sponsor
• · hsas00 · Standing

Related records

• related to ← Military Personnel Financial Services Education Act of 2005