A bipartisan bill expected to be unveiled Friday would expand financial literacy training for servicemembers in an effort to reduce financial stress and smooth their transition to civilian life.
The bicameral legislation is sponsored by Sens. Patty Murray, D-Wash., and Eric Schmitt, R-Mo., as well as Rep. Terri A. Sewell, D-Ala., and Del. James C. Moylan, R-Guam. Murray, the chairwoman of the Senate Appropriations Committee, indicated Friday she would seek the bill’s inclusion in the fiscal 2025 defense authorization, which lawmakers will begin compiling in the coming months.
The Defense Department should take greater steps to ensure servicemembers have solid financial skills when they leave active service, Murray said.
