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S. 2833 116th Congress Senate

Veterans and Consumers Fair Credit Act

Official title: A bill to amend the Truth in Lending Act to extend the consumer credit protections provided to members of the Armed Forces and their dependents under title 10, United States Code, to all consumers.

Introduced: November 19, 2019 Introduced by: Jeff Merkley Democratic · Oregon See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBanking and financial institutions regulationCivil actions and liabilityCongressional oversight
More subjectsShow fewer subjects
Consumer Financial Protection BureauConsumer affairsConsumer creditDepartment of DefenseFinancial services and investmentsGovernment information and archivesInterest, dividends, interest ratesMilitary personnel and dependentsState and local government operations
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Nov 12, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 12, 2019
Introduced in Senate
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 Latest action November 12, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

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%.

 Related & companion bills 1
  • HR 5050 Identical bill Veterans and Consumers Fair Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 7
D
Smith, Tina
Minnesota · Sep 8, 2020
 D
Booker, Cory A.
New Jersey · Jun 15, 2020
 D
Baldwin, Tammy
Wisconsin · Dec 11, 2019
 D
Cortez Masto, Catherine
Nevada · Nov 21, 2019
 D
Blumenthal, Richard
Connecticut · Nov 19, 2019
 D
Reed, Jack
Rhode Island · Nov 12, 2019
 D
Van Hollen, Chris
Maryland · Nov 12, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2833: Veterans and Consumers Fair Credit Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-2833/
MLA
"S. 2833: Veterans and Consumers Fair Credit Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2833/.
Bluebook (legal)
S. 2833, 116th Cong. (2026), https://openamerica.io/bill/116-S-2833/.
Markdown link
[S. 2833: Veterans and Consumers Fair Credit Act](https://openamerica.io/bill/116-S-2833/)
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