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HR 5724 114th Congress House

Protecting Consumers' Access to Credit Act of 2016

Official title: To amend the Revised Statutes of the United States and the Federal Deposit Insurance Act to require the rate of interest on certain loans remain unchanged afte… Show full official titleShow less

Official title: To amend the Revised Statutes of the United States and the Federal Deposit Insurance Act to require the rate of interest on certain loans remain unchanged after transfer of the loan, and for other purposes.

Introduced: July 11, 2016 See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCredit and credit marketsInterest, dividends, interest rates
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2016
Referred to the House Committee on Financial Services.
Jul 11, 2016
Introduced in House
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 Latest action July 11, 2016

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Protecting Consumers' Access to Credit Act of 2016

This bill amends the Revised Statutes and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party. (Under these laws, interest may be charged on loans to customers at the greater of: (1) a rate not more than 1% above the discount rate on 90-day commercial paper in effect at the Federal Reserve Bank for the district in which the lender is located, or (2) the highest rate allowed by the laws of the state in which the lender is located.)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5724: Protecting Consumers' Access to Credit Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5724/
MLA
"H.R. 5724: Protecting Consumers' Access to Credit Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5724/.
Bluebook (legal)
H.R. 5724, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5724/.
Markdown link
[H.R. 5724: Protecting Consumers' Access to Credit Act of 2016](https://openamerica.io/bill/114-HR-5724/)
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