Pallone's Veteran Credit Bill Passes House

LONG BRANCH, NJ – Congressman Frank Pallone, Jr (NJ-06) announced that his Homeless Veterans Credit Repair, Enhancement, and Debt Improvement for Tomorrow (CREDIT) Act passed the House of Representatives last week.

The bill is designed to help end homelessness and housing instability amongst veterans by providing credit and financial counseling, which is a need for homeless veterans.

The bill directs the Secretary of the Department of Veterans Affairs (VA) to study the effectiveness of credit and financial counseling services offered to veterans facing homelessness and housing instability and provide recommendations for improvements to credit counseling services.

“Today, the House took action to alleviate veteran homelessness. The Homeless Veterans CREDIT Act will help address veteran homelessness by improving veterans' credit and financial counseling services. During this time of economic uncertainty, we must look out for our most vulnerable communities, including homeless veterans and those at risk of becoming homeless. My bill will give us a better understanding of how to improve the services offered to our veterans,” Pallone said in a press release.

“We have a responsibility to help those who served in uniform and stood ready to make the ultimate sacrifice for our country. I want to thank the House Veterans Affairs Committee for making this bill a priority and for their unwavering support for our country’s heroes.”

Pallone’s Homeless Veterans CREDIT Act has already received endorsement from the Wounded Warrior Project, the Institute for Veterans and Military Families at Syracuse University, the Department of New Jersey Veterans of Foreign Wars, and the American Legion Department of New Jersey.