February 11, 2014
As ordered reported by the Senate Committee on Veterans’ Affairs on November 19, 2013
S. 1593 would amend provisions of the Servicemembers Civil Relief Act (SCRA) that limit interest rates on certain loans, delay foreclosure on mortgages issued to servicemembers, and set penalties for violations of that act. Enacting S. 1593 would affect direct spending and revenues; therefore, pay-as-you-go procedures apply. However, CBO estimates that the net budgetary effects would be insignificant in each year.