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Predatory Lending Elimination Act

S. 3549 Sen. John Reed (D-RI) In committee
Bill text PDF
  1. Introduced Dec 14
  2. Committee Dec 14
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Dec 14, 2023Next: Senate vote
1049d ago Dec 14, 2023: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5999-6000)
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 1 filing
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Summary

Predatory Lending Elimination Act

Full summary1 paragraphs

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%.

Library of Congress summary, Dec 14, 2023

Summary versions
  • Introduced in SenateDec 14, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.