I rise in support of H.R. 513, the National Heroes Credit Protection Act. Just after the start of the Iraq war, I met a lady who served in Operation Desert Storm. This young lady told me that problems in notifying her creditors of deployment had almost cost her to lose her home. Her problems are all too common. This simple piece of legislation was written with those heroes in mind. H.R. 513 would amend the Servicemembers Civil Relief Act to require credit reporting agencies, when asked, to include a notation in a consumer report or credit score for reserved members of the U.S. Armed Forces when they are called up or deployed. The bill would also require consumer reporting agencies to refer the explanations to other consumer reporting agencies. More than 300,000 guardsmen and reservists have been called up since September 11. They are doing more missions and activations with fewer personnel. They shouldn't have to worry about protecting their credit while they're keeping us safe. This bill is revenue neutral. CBO estimates that it would have no significant effect on the Federal budget and minimal costs to the private sector.
Editor's note · Context
Supporting the National Heroes Credit Protection Act during a House floor speech.
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