This bill requires the Department of Defense to verify that financial services counselors working with military members and their families are free from conflicts of interest. The legislation adds a requirement that all financial services counselors provide annual financial disclosures to the Secretary of Defense, who must review these disclosures to identify and prevent potential conflicts. If a counselor is found to have a conflict of interest, the military department must prohibit them from providing financial services until the conflict is resolved. Additionally, the bill requires each military department to submit a report to Congress within 180 days of the law's enactment and annually thereafter, detailing what percentage of their financial counselors have been verified as free from conflicts. The measure aims to protect service members and their families from predatory financial practices by ensuring the people giving them financial advice have no financial incentives that could compromise their recommendations.