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Hon. Silvestre Reyes, a Representative in Congress from the State of Texas

I want to thank Chairman Miller and Ranking Member Filner for calling this hearing and bringing this important issue before the Committee.  Since the Civil War we have recognized the importance of providing financial protection to the men and women who serve our great nation.  Our Soldiers, Sailors, Airmen, and Marines risk their lives protecting our freedom; the least we can do is protect them from the financial hardships that may result from their time in combat.

As a veteran of the Vietnam War, I saw firsthand the financial uncertainty that comes with being deployed.  Every day that a service member is away, their loved ones worry about their safety.  Equally concerning to the deployed service member is the financial wellbeing of the family they left behind.  It is imperative that we provide them protections that ensure their fiscal security.

It is deeply concerning to me that we are here today because some of our nation’s largest financial institutions have failed to afford these great men and women the protections provided by this Congress – this is both unpatriotic and shows a lack of respect for their service.  It is my hope that the information provided in today’s hearing will allow us to ensure that this does not occur again in the future.