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United States · Bill · HR

H.R. 1619 (109th)

Loan Shark Prevention Act

referredUnited States· United States Congress· EN

Introduced

13 April 2005

Last action

19 May 2005 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Sen. Sanders, Bernard [I-VT], Rep. Weiner, Anthony D. [D-NY-9], Rep. Owens, Major R. [D-NY-11], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Conyers, John, Jr. [D-MI-13], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Miller, George [D-CA-11], Rep. Lee, Barbara [D-CA-12], Rep. Evans, Lane [D-IL-17], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Kilpatrick, Carolyn C. [D-MI-13], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Tierney, John F. [D-MA-6], Rep. Stark, Fortney Pete [D-CA-13], Rep. Cummings, Elijah E. [D-MD-7], Rep. Schakowsky, Janice D. [D-IL-9], Rep. McGovern, James P. [D-MA-2], Rep. Lantos, Tom [D-CA-12], Rep. Costello, Jerry F. [D-IL-12], ROBERT BRADY, Rep. McCollum, Betty [D-MN-4], Rep. Andrews, Robert E. [D-NJ-1], Rep. Farr, Sam [D-CA-20], Rep. Meehan, Martin T. [D-MA-5]

Subjects

Discovery layer

Source updated

15 August 2025

Official sourceDownload fileView documentsShare

Summary

Loan Shark Prevention Act - Amends the Truth in Lending Act to set a cap upon: (1) the annual percentage rate applicable to any extension of credit; and (2) the amount of any fee or charge that a creditor may impose under the terms of a credit transaction. Amends the Fair Credit Reporting Act to prohibit a credit card issuer from using negative information contained in a consumer report to increase the annual percentage rate applicable to a credit card account, or to remove or increase any introductory annual percentage rate of interest applicable to such account, for reasons other than actions or omissions of the card holder that are directly related to such account.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 April 2005

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 13 April 2005

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 April 2005

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 19 May 2005

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 13 April 2005

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 13 April 2005

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 13 April 2005

    Open at official source

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Sponsors

Related records

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Sources

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