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S. 2508 117th 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: July 28, 2021 Introduced by: Jack Reed Democratic · Rhode Island 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 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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 Latest action September 13, 2022

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

 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 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.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

 Cosponsors 10
All 10 Democratic 10
D
Luján, Ben Ray
New Mexico · Mar 10, 2022
 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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