Military Financial Literacy Act of 2026

This bill would add home buying and selling, renting during moves between duty stations, rental planning, and Department of Veterans Affairs home loans to the financial topics covered for members of the Armed Forces. Within one year of enactment, the Secretary of Defense would have to set up a program offering one-on-one counseling to each service member on credit management, budgeting, predatory lending, moves and rental planning, VA home loans, and legal protections for servicemembers. The Secretary would seek an agreement with a HUD-approved counseling agency that is a tax-exempt veterans service organization to provide this counseling. The Secretary would report to the Armed Services Committees within two years on how many members received counseling, completion rates, and signs of financial stress and housing instability among participants.

Full text and official record on Congress.gov

Sponsors

• Kristen McDonald Rivet Democrat sponsor
• 23 cosponsors