Veterans and Consumers Fair Credit Act
Latest action · Nov 12, 2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 12, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Veterans and Consumers Fair Credit Act
This bill applies certain military consumer credit protections to all consumers. Specifically, the bill caps the interest rate on extensions of consumer credit at 36%.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Nov 12, 2019 to Sep 8, 2020, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Chris Van Hollen | Original | Nov 12, 2019 |
| D-RI | Jack Reed | Original | Nov 12, 2019 |
| D-OH | Sherrod Brown | Original | Nov 12, 2019 |
| D-CT | Richard Blumenthal | Nov 19, 2019 | |
| D-NV | Catherine Cortez Masto | Nov 21, 2019 | |
| D-CA | Dianne Feinstein | Dec 4, 2019 | |
| D-WI | Tammy Baldwin | Dec 11, 2019 | |
| D-NJ | Cory A. Booker | Jun 15, 2020 | |
| D-MN | Tina Smith | Sep 8, 2020 |
Actions 2
Everything that happened, newest first.
- Nov 12, 2019Introduced in Senate
- Nov 12, 2019Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 5050 | Veterans and Consumers Fair Credit Act | Identical bill | Nov 12, 2019 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- 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
Text 1
Each version as it was printed, newest first.
- Nov 12, 2019Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.