On the recordMay 22, 2019
I first want to thank Chairwoman Waters for her hard work and the hard work of the committee on behalf of American families in Maine and across the country who have fallen victim to financial schemes. I rise today to offer my amendment on behalf of military servicemembers and veterans and their families. One of the challenges that military men and women face are countless financial scams that exist in the financial marketplace. Travel just outside of a military base, Madam Chair, and there will be payday lenders with high interest rates, title loan companies, and supplemental life insurance schemes all looking for their next target. Military personnel who are distracted by financial problems created by these schemes cannot focus on doing their jobs to the best of their abilities. If the problems get out of hand, they can even end a military career. On average, thousands of servicemembers are separated each year from the military for financial hardship and other issues related to these types of schemes. Even worse, many servicemembers or their families come under pressure from scammers while they are in the midst of a deployment. Just as an example of this, I was in an infantry unit. I served in Afghanistan and Iraq. I have known people who have actually taken the time, when they get that rare opportunity, to hop on to a sat phone.…





