US SB2833 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on November 12 2019 - 25% progression, died in committee
Action: 2019-11-12 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 12 2019 - 25% progression, died in committee
Action: 2019-11-12 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Applies certain military consumer credit protections to all consumers. Specifically, the bill caps the interest rate on extensions of consumer credit at 36%.
Title
Veterans and Consumers Fair Credit Act
Sponsors
Sen. Jeff Merkley [D-OR] | Sen. Sherrod Brown [D-OH] | Sen. Jack Reed [D-RI] | Sen. Chris Van Hollen [D-MD] |
Sen. Richard Blumenthal [D-CT] | Sen. Catherine Cortez Masto [D-NV] | Sen. Dianne Feinstein [D-CA] | Sen. Tammy Baldwin [D-WI] |
Sen. Cory Booker [D-NJ] | Sen. Tina Smith [D-MN] |
History
Date | Chamber | Action |
---|---|---|
2019-11-12 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB5050 (Related) 2019-11-12 - Referred to the House Committee on Financial Services.
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Civil actions and liability
Congressional oversight
Consumer affairs
Consumer credit
Consumer Financial Protection Bureau
Department of Defense
Finance and financial sector
Financial services and investments
Government information and archives
Interest, dividends, interest rates
Military personnel and dependents
State and local government operations
Banking and financial institutions regulation
Civil actions and liability
Congressional oversight
Consumer affairs
Consumer credit
Consumer Financial Protection Bureau
Department of Defense
Finance and financial sector
Financial services and investments
Government information and archives
Interest, dividends, interest rates
Military personnel and dependents
State and local government operations
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2833/all-info |
Text | https://www.congress.gov/116/bills/s2833/BILLS-116s2833is.pdf |