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United States · Bill · S

S. 1486 (99th)

A bill to amend the Equal Credit Opportunity Act.

referredUnited States· United States Congress· EN

Introduced

23 July 1985

Last action

Status

Read twice and referred to the Committee on Banking.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Amends the Equal Credit Opportunity Act to prohibit the Board of Governors of the Federal Reserve System from exempting from such Act any class of credit transactions that are primarily for personal, family, or household purposes. Permits the Board to exempt (for five years) a type or class of business or commercial transactions only after determining that application of such Act to such transactions would not contribute substantially to effecting the purposes of such Act.

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Votes

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Versions

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Documents

1 official file

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Sources

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