HR 4563 · 109th Congress · Armed Forces and National Security

Servicemembers Interest Rate Relief Act of 2005

Introduced 2005-12-15· Sponsored by Rep. Ryun, Jim [R-KS-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Economic Opportunity.(2006-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Servicemembers Interest Rate Relief Act of 2005 - Amends the Servicemembers' Civil Relief Act to revise the six percent maximum annual interest rate to be charged on debts incurred by a servicemember, and his or her spouse jointly, before the servicemember enters into military service and continuing for the duration of such military service, to five percent in the case of any interest incurred during the period beginning on October 1, 2006, and ending on September 30, 2009.…

Summarized by Claude AI · Non-partisan · For informational purposes only