Limit the interest rates and fees that lenders can charge on consumer loans.
One policy goal, tracked across every bill that has carried it.
What’s happening with Predatory Lending Elimination Act?
The Predatory Lending Elimination Act, known as S. 3793, has been in the Senate Committee on Banking, Housing, and Urban Affairs since February 4, 2026. The committee members must decide whether to hold a vote on the bill, but most legislation fails because committees choose not to act on it at all. No action has occurred on this bill since February 4, 2026.
Updated July 9, 2026 · Generated by AI. Always verify with official sources.
Where it stands
Now carried by Predatory Lending Elimination Act (S. 3793 (119th)) →
Legislative Progress
How we got here
Every bill that has carried this goal, oldest first.
Died with Congress · Jan 3, 2025
Died when the 118th Congress ended without final passage. Bills must be reintroduced under a new number to be revived.
Reintroduced · Jan 3, 2025
Reintroduced from S. 3549 (118th), which died when its Congress ended.
S. 3549 (118th) →
Vehicles
Who’s behind it
John Reed (D-RI)Wrote and sponsored the current bill.