Miller Applauds House Passage of Bill to Extend Veterans’ Foreclosure Safeguard
Today the U.S. House of Representatives passed S. 2393, the Foreclosure Relief and Extension for Servicemembers Act of 2015. The bill would extend the foreclosure safeguard provision of the Servicemembers Civil Relief Act (SCRA) through December 31, 2017. As part of the bill, eligible veterans are protected from any sale, foreclosure, or seizure of their property without a court order or waiver agreement signed by the servicemember for a one-year period after their active military service.
S. 2393 will now be sent to President Obama for his signature. Following House passage of the bill, Chairman Miller released the below statement.
“Those who volunteer for active-duty military service shouldn’t have to worry about financial hardships at home. This bipartisan bill will help provide that peace of mind by giving returning troops a year to get themselves onto steady financial footing following active-duty service, while keeping their property safeguarded from foreclosure. I applaud my colleagues’ commitment to ensuring the Servicemembers Civil Relief Act remains a relevant and viable tool for those who have worn the uniform and their families. I am hopeful President Obama will sign this legislation into law in short order.”– Rep. Jeff Miller, Chairman, House Committee on Veterans’ Affairs