Kristen McDonald Rivet (D-MI)· Introduced March 24, 2026

Military Financial Literacy Act of 2026

H.R. 8056 · House bill Armed Forces and National Security

A Democratic bill with 12 Republican cosponsors · See all 23 cosponsors

Last activity March 24, 2026 — Referred to the House Committee on Armed Services.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

Introduced
In Committee

What this bill would do

The Military Financial Literacy Act of 2026 aims to expand credentialed, personalized financial and housing counseling for members of the Armed Forces. This includes those on active duty or transitioning from service. The bill directs the Secretary of Defense to establish a program providing one-on-one counseling on topics like credit management, budgeting, and home loans. To do this, the Secretary will seek agreements with specific counseling service organizations, such as HUD-approved agencies or Veteran Service Organizations. The Act also requires a report to Congress regarding the implementation and effectiveness of these services.

Yes· 3 of 4

Scored +6
Would veterans be better off under this, taking everything together?
The bill directly benefits service members and those transitioning to veteran status through personalized financial and housing guidance.
Scored +5
Does this give people more protection from unfair business practices?
The bill provides counseling on anti-predatory lending and credit management, which enhances financial consumer protections for service members.
Scored +5
Does this increase the pay, pensions or support veterans receive?
The bill supports the transition to civilian life by providing expertise on Department of Veterans Affairs home loan programs.