This bill expands financial and housing counseling for active-duty military members and those leaving the armed forces. The Department of Defense must establish a program within one year that provides personalized, one-on-one counseling on topics including credit management, budgeting, predatory lending practices, home buying and selling, rental planning, VA home loan programs, and legal protections under the Servicemembers Civil Relief Act. To deliver these services, the Defense Department will partner with HUD-approved counseling organizations that are tax-exempt veteran service organizations with expertise in military financial literacy and housing stability. Within two years of launching the program, the Defense Secretary must report to Congress on how many service members received counseling, the completion rate of the services offered, and metrics on financial stress and housing instability among participating members. The bill does not specify dedicated funding amounts, leaving budget details to departmental regulations.
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