Small Business and Consumer Emergency Credit Act
USA116th CongressS-3560| Senate
| Updated: 5/12/2020
Chris Van Hollen
Democratic Senator
Maryland
Cosponsors (1)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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%.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Finance and Financial Sector
Cardiovascular and respiratory healthCivil actions and liabilityConsumer creditEmergency medical services and trauma careInfectious and parasitic diseasesInterest, dividends, interest ratesSmall businessSocial work, volunteer service, charitable organizationsState and local government operations
Small Business and Consumer Emergency Credit Act
USA116th CongressS-3560| Senate
| Updated: 5/12/2020
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%.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Chris Van Hollen
Democratic Senator
Maryland
Cosponsors (1)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Cardiovascular and respiratory healthCivil actions and liabilityConsumer creditEmergency medical services and trauma careInfectious and parasitic diseasesInterest, dividends, interest ratesSmall businessSocial work, volunteer service, charitable organizationsState and local government operations