118th Congress · SENATE BILLBILL

S. 1934 — Empowering States' Rights To Protect Consumers Act of 2023

“A bill to amend the Truth in Lending Act to empower the States to set the maximum annual percentage rates applicable to consumer credit transactions, and for other purposes.”

Finance and financial sector

Introduced Jun 13, 2023

Last action Jun 13, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 13, 2023

Step 2

Referred

Jun 13, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill limits the annual percentage rate applicable to any consumer credit transaction (other than a residential mortgage transaction), including any associated fees, to the maximum rate permitted by the laws of the state in which the consumer resides.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Jun 13, 2023

Introduced in Senate

Jun 13, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.