HR 5050
116th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Banking and financial institutions regulation
Civil actions and liability
Congressional oversight
Consumer Financial Protection Bureau
Consumer affairs
Consumer credit
Department of Defense
Financial services and investments
Government information and archives
Interest, dividends, interest rates
Military personnel and dependents
State and local government operations
Veterans and Consumers Fair Credit Act
Introduced: November 12, 2019
Introduced by:
García, Jesús G. "Chuy"
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 12, 2019
Referred to the House Committee on Financial Services.
Nov 12, 2019
Sponsor introductory remarks on measure. (CR E1429)
Nov 12, 2019
Introduced in House
Plain-English summary
Veterans and Consumers Fair Credit 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%.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1