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United States · Bill · S

S. 3549 (118th)

Predatory Lending Elimination Act

referredUnited States· United States Congress· EN

Introduced

14 December 2023

Last action

14 December 2023 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5999-6000)

Sponsors

Sen. Reed, Jack [D-RI], Sen. Merkley, Jeff [D-OR], Sen. Brown, Sherrod [D-OH], Sen. Smith, Tina [D-MN], Sen. Blumenthal, Richard [D-CT], Sen. Stabenow, Debbie [D-MI], Sen. Warnock, Raphael G. [D-GA], Sen. Whitehouse, Sheldon [D-RI], Sen. Schatz, Brian [D-HI], Sen. Wyden, Ron [D-OR], Sen. Booker, Cory A. [D-NJ], Sen. Luján, Ben Ray [D-NM], Sen. Fetterman, John [D-PA], Sen. Welch, Peter [D-VT], Sen. Padilla, Alex [D-CA], Sen. Butler, Laphonza R. [D-CA], Sen. Van Hollen, Chris [D-MD], Sen. Heinrich, Martin [D-NM]

Subjects

Defence

Source updated

27 May 2025

Defence

Summary

Predatory Lending Elimination 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%.

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

Timeline

  1. 14 December 2023

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5999-6000)

    Source: IntroReferral

  2. 14 December 2023

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 14 December 2023

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 14 December 2023

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 14 December 2023

    Open at official source

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Sponsors

Related records

Sources

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