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S. 3560 116th Congress Senate

Small Business and Consumer Emergency 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: March 22, 2020 Introduced by: Chris Van Hollen Democratic · Maryland See on congress.gov
Finance and Financial Sector Cardiovascular and respiratory healthCivil actions and liabilityConsumer creditEmergency medical services and trauma care
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Infectious and parasitic diseasesInterest, dividends, interest ratesSmall businessSocial work, volunteer service, charitable organizationsState 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2020
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Mar 22, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 22, 2020
Introduced in Senate
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 Latest action May 12, 2020

Committee on Banking, Housing, and Urban Affairs. Hearings held.

 Plain-English summary Congressional Research Service

Small Business and Consumer Emergency Credit Act

This bill applies certain military consumer credit protections to all consumers, tax-exempt charitable organizations, and small businesses for credit extended during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Specifically, the bill caps the interest rate on an extension of consumer credit at 36%.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3560: Small Business and Consumer Emergency Credit Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-3560/
MLA
"S. 3560: Small Business and Consumer Emergency Credit Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3560/.
Bluebook (legal)
S. 3560, 116th Cong. (2026), https://openamerica.io/bill/116-S-3560/.
Markdown link
[S. 3560: Small Business and Consumer Emergency Credit Act](https://openamerica.io/bill/116-S-3560/)
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