HR 8356 · 118th Congress 2023โ€“2025, ended

Small Dollar Loan Certainty Act

Latest action · May 10, 2024 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.

  1. IntroducedMay 10, 2024
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred May 10, 2024

Actions 2

Everything that happened, newest first.

  1. May 10, 2024Introduced in House
  2. May 10, 2024Referred 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

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8 of the United States Constitution. The single subject of this legislation is: To provide regulatory certainty and clarity in lending for consumers and financial institutions.

The sponsor’s statement, as printed in the Congressional Record, vol. 170, no. 82, May 10, 2024, page H3006.

CRS reports 1

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 1

Products on other subjects that cite it, usually among other measures.

ProductTitleKindPublished
IF12861Interest Rate Caps on Credit Cards: Policy IssuesResourceMar 10, 2026

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 8338Clarity in Lending ActRelated billDec 3, 2024

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Truth in Lending Act to provide for a safe harbor for small-dollar credit products, and for other purposes.
Short Title(s) as Introduced
Small Dollar Loan Certainty Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. May 10, 2024Introduced in House

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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.