In the News

House moves to strengthen vetting for military financial counselors

WASHINGTON ― A bipartisan duo of House lawmakers has banded together to improve the vetting of financial advisers for service members. The move comes after an Army counselor with undisclosed conflicts of interest with outside brokerage firms allegedly swindled two dozen Gold Star families.

The House in July passed legislation from Reps. Mikie Sherrill, D-N.J., and Don Bacon, R-Neb., that would require the Defense Department verify its roughly 400 military financial advisers are without conflicts of interest by having them submit annual financial disclosures.

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