To amend the Equal Credit Opportunity Act to clarify creditor's rights and remedies with respect to the consideration of immigration status with respect to the extension of credit, and for other purposes.
Latest action · Dec 19, 2023 Referred to the House Committee on Financial Services.
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.
- IntroducedDec 19, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
This bill allows creditors to consider an applicant’s immigration status for certain purposes when assessing an application for an extension of credit. In particular, considering an applicant’s U.S. immigration status for the purpose of determining the creditor's rights and remedies applicable to the particular extension of credit does not constitute discrimination.
Cosponsors 16
Members who signed on, in the order they did. Signatures ran from Dec 19, 2023 to Feb 23, 2024; 12 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-WV | Alexander X. Mooney | Original | Dec 19, 2023 |
| R-GA | Andrew S. Clyde | Original | Dec 19, 2023 |
| R-VA | Bob Good | Original | Dec 19, 2023 |
| R-TX | Keith Self | Original | Dec 19, 2023 |
| R-CO | Lauren Boebert | Original | Dec 19, 2023 |
| R-FL | Neal P. Dunn | Original | Dec 19, 2023 |
| R-SC | Ralph Norman | Original | Dec 19, 2023 |
| R-TX | Randy K. Weber, Sr. | Original | Dec 19, 2023 |
| R-GA | Richard McCormick | Original | Dec 19, 2023 |
| R-TX | Roger Williams | Original | Dec 19, 2023 |
| R-WI | Thomas P. Tiffany | Original | Dec 19, 2023 |
| R-TX | Troy E. Nehls | Original | Dec 19, 2023 |
| R-AZ | Elijah Crane | Jan 17, 2024 | |
| R-FL | Byron Donalds | Jan 25, 2024 | |
| R-NC | Dan Bishop | Jan 31, 2024 | |
| R-TN | Mark E. Green | Feb 23, 2024 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Dec 19, 2023 |
Actions 2
Everything that happened, newest first.
- Dec 19, 2023Introduced in House
- Dec 19, 2023Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 209, December 19, 2023, page H6999.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Equal Credit Opportunity Act to clarify creditor's rights and remedies with respect to the consideration of immigration status with respect to the extension of credit, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Dec 19, 2023Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
