S 3036
116th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Banking and financial institutions regulation
Consumer Financial Protection Bureau
Consumer credit
Unsolicited Loan Act of 2019
Introduced: December 12, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 12, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 12, 2019
Introduced in Senate
Plain-English summary
Unsolicited Loan Act of 2019
This bill prohibits a lender from providing an unsolicited loan check or similar instrument to a consumer. Additionally, a consumer is not liable for any debt incurred from such an instrument.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1