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S 2508 117th Congress Senate 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: July 28, 2021 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 13, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jan 5, 2022
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held.
Jul 29, 2021
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jul 28, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5143)
Jul 28, 2021
Introduced in Senate
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 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%.

What's happening now September 13, 2022

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

 Related & companion bills 1
  • HR 5974 Identical bill Veterans and Consumers Fair Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 9
All 9 Democratic 9
D
Whitehouse, Sheldon
Rhode Island · Mar 2, 2022
 D
Blumenthal, Richard
Connecticut · Jul 28, 2021
 D
Booker, Cory A.
New Jersey · Jul 28, 2021
 D
Merkley, Jeff
Oregon · Jul 28, 2021
 D
Schatz, Brian
Hawaii · Jul 28, 2021
 D
Smith, Tina
Minnesota · Jul 28, 2021
 D
Van Hollen, Chris
Maryland · Jul 28, 2021
 D
Warnock, Raphael G.
Georgia · Jul 28, 2021
 D
Wyden, Ron
Oregon · Jul 28, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2508: Veterans and Consumers Fair Credit Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2508/
MLA
"S. 2508: Veterans and Consumers Fair Credit Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2508/.
Bluebook (legal)
S. 2508, 117th Cong. (2026), https://openamerica.io/bill/117-S-2508/.
Markdown link
[S. 2508: Veterans and Consumers Fair Credit Act](https://openamerica.io/bill/117-S-2508/)
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