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S. 3549 118th Congress Senate

Predatory Lending Elimination 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: December 14, 2023 Introduced by: Jack Reed Democratic · Rhode Island See on congress.gov
Finance and Financial Sector
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Dec 14, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5999-6000)
Dec 14, 2023
Introduced in Senate
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 Latest action December 14, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5999-6000)

 Plain-English summary Congressional Research Service

Predatory Lending Elimination 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%.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 2

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 14
All 14 Democratic 14
D
Heinrich, Martin
New Mexico · Jan 25, 2024
 D
Van Hollen, Chris
Maryland · Jan 16, 2024
 D
Blumenthal, Richard
Connecticut · Dec 14, 2023
 D
Booker, Cory A.
New Jersey · Dec 14, 2023
 D
Fetterman, John
Pennsylvania · Dec 14, 2023
 D
Luján, Ben Ray
New Mexico · Dec 14, 2023
 D
Merkley, Jeff
Oregon · Dec 14, 2023
 D
Padilla, Alex
California · Dec 14, 2023
 D
Schatz, Brian
Hawaii · Dec 14, 2023
 D
Smith, Tina
Minnesota · Dec 14, 2023
 D
Warnock, Raphael G.
Georgia · Dec 14, 2023
 D
Welch, Peter
Vermont · Dec 14, 2023
 D
Whitehouse, Sheldon
Rhode Island · Dec 14, 2023
 D
Wyden, Ron
Oregon · Dec 14, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3549: Predatory Lending Elimination Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-3549/
MLA
"S. 3549: Predatory Lending Elimination Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3549/.
Bluebook (legal)
S. 3549, 118th Cong. (2026), https://openamerica.io/bill/118-S-3549/.
Markdown link
[S. 3549: Predatory Lending Elimination Act](https://openamerica.io/bill/118-S-3549/)
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