H.R. 10018 — Fair Debt Collection Practices for Servicemembers Act

This section prohibits debt collectors from threatening covered servicemembers with reduction in rank, revocation of security clearance, or prosecution under the Uniform Code of Military Justice when collecting debts. It also treats as an unfair practice any implication that failure to cooperate will produce those outcomes. Covered members include those defined in 10 U.S.C. 987(i), individuals separated from qualifying duty within the prior 365 days, and specified family members.

This section requires the Comptroller General to study and report to Congress on the effects of the Act on the timely delivery of debt collection information to covered members, military readiness, and national security, including the impact of uncollected debt on covered members holding security clearances.