Bill116th CongressFiled Mar 22, 2020Finance and Financial Sector
S. 3560
Small Business and Consumer Emergency Credit Act
Bill journey · stage 1 of 5
Just introduced
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CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Mar 22, 2020)
Small Business and Consumer Emergency Credit Act
This bill applies certain military consumer credit protections to all consumers, tax-exempt charitable organizations, and small businesses for credit extended during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Specifically, the bill caps the interest rate on an extension of consumer credit at 36%.
What just happenedMay 12, 2020
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Who’s behind it
Sen. Van Hollen, Chris [D-MD](D-MD)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions9subjects
- Introduced in SenateMar 22, 2020
- May 12, 2020Committee
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Banking, Housing, and Urban Affairs Committee - Mar 22, 2020IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Mar 22, 2020IntroReferral10000
Introduced in Senate