H.R. 7966 aims to amend title 10 of the United States Code to ensure financial services counselors working with members of the Armed Forces are financially independent. The bill outlines that these counselors must submit annual financial disclosures to verify they are free...
Simple Explanation
H.R. 7966 is a new rule that checks if the people giving money advice to soldiers don't have any money secrets of their own, to make sure they're giving honest advice. They have to show a paper every year with their money details, like a report card showing they have no secrets.