US SB1642 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 27 2017 - 25% progression, died in committee
Action: 2017-07-27 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 27 2017 - 25% progression, died in committee
Action: 2017-07-27 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Protecting Consumers' Access to Credit Act of 2017 This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.
Title
Protecting Consumers' Access to Credit Act of 2017
Sponsors
| Sen. Mark Warner [D-VA] | Sen. Pat Toomey [R-PA] | Sen. Gary Peters [D-MI] | Sen. Steve Daines [R-MT] |
| Sen. Mike Rounds [R-SD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-07-27 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB3299 (Related) 2018-02-15 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HR736 (Similar To) 2018-02-14 - Motion to reconsider laid on the table Agreed to without objection.
HR736 (Similar To) 2018-02-14 - Motion to reconsider laid on the table Agreed to without objection.
Subjects
Banking and financial institutions regulation
Consumer credit
Credit and credit markets
Federal preemption
Finance and financial sector
Interest, dividends, interest rates
Consumer credit
Credit and credit markets
Federal preemption
Finance and financial sector
Interest, dividends, interest rates
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/senate-bill/1642/all-info |
| Text | https://www.congress.gov/115/bills/s1642/BILLS-115s1642is.pdf |
