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United States · Bill · S

S. 3560 (116th)

Small Business and Consumer Emergency Credit Act

openUnited States· United States Congress· EN

Introduced

22 March 2020

Last action

Status

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Small Business and Consumer Emergency Credit Act This bill applies certain military consumer credit protections to all consumers, tax-exempt charitable organizations, and small businesses for credit extended during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Specifically, the bill caps the interest rate on an extension of consumer credit at 36%.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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