This legislation mandates the establishment of an Interagency Task Force on Financial Fraud to address the significant and increasing financial fraud targeting members of the Armed Forces, veterans, and military families. These military consumers have experienced hundreds of millions of dollars in losses in recent years, highlighting their disproportionate targeting by various schemes. The bill emphasizes the critical need for a robust and coordinated interagency approach to safeguard their financial security. The Task Force, to be established by the Secretary of Defense in consultation with the Secretary of Veterans Affairs, will comprise representatives from key federal agencies including the Departments of Defense and Veterans Affairs, the Federal Trade Commission, and the Consumer Financial Protection Bureau, along with non-governmental experts. Its primary purpose is to identify and examine various financial fraud methods, evaluate the effectiveness of current federal programs and laws like the Military Lending Act , and develop comprehensive recommendations to enhance federal efforts in detecting, preventing, and combating these schemes. The Task Force is required to meet at least three times annually and submit regular reports to Congress detailing its findings and recommendations.