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HR 4861 115th Congress House Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Consumer credit Credit and credit markets Federal Deposit Insurance Corporation (FDIC)

EQUAL Act of 2018

Introduced: January 19, 2018 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 3, 2018
Placed on the Union Calendar, Calendar No. 688.
Aug 3, 2018
Reported by the Committee on Financial Services. H. Rept. 115-890.
Mar 21, 2018
Ordered to be Reported by the Yeas and Nays: 34 - 26.
Mar 21, 2018
Committee Consideration and Mark-up Session Held.
Jan 19, 2018
Referred to the House Committee on Financial Services.
Jan 19, 2018
Introduced in House
Jul 12, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
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 Plain-English summary Congressional Research Service

Ensuring Quality Unbiased Access to Loans Act of 2018 or the EQUAL Act of 2018

This bill nullifies the Federal Deposit Insurance Corporation final guidance titled "Guidance on Supervisory Concerns and Expectations Regarding Deposit Advance Products," published November 26, 2013. (The guidance relates to the safety and soundness of insured depository intuitions offering short-term, small-dollar loans.) Federal banking agencies must issue regulations regarding such loans offered by insured depository institutions.

The bill also exempts certain loans made by a depository institution or a credit union from the Consumer Financial Protection Bureau rule titled "Payday, Vehicle Title, and Certain High-Cost Installment Loans," published on November 17, 2017.

What's happening now August 3, 2018

Placed on the Union Calendar, Calendar No. 688.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Barr, Andy
Kentucky · Jun 8, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4861: EQUAL Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4861/
MLA
"H.R. 4861: EQUAL Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4861/.
Bluebook (legal)
H.R. 4861, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4861/.
Markdown link
[H.R. 4861: EQUAL Act of 2018](https://openamerica.io/bill/115-HR-4861/)
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