This bill would amend the Truth in Lending Act to extend the consumer credit protections that are provided to members of the Armed Forces and their dependents under title 10, United States Code, so that those protections apply to all consumers. Sponsors listed are Glenn Grothman and Jesús García. The bill was referred to the House Committee on Financial Services. No additional bill text or detail was provided in the source material.
If the bill becomes law, the same consumer credit protections that now apply only to service members and their dependents would apply to anyone who borrows or uses consumer credit. The exact protections, how they would apply to different loans or lenders, and any changes to borrower rights are not described in the provided material.
No publicly available information about estimated costs, federal budget effects, or administrative expenses is included in the provided material.
No publicly available information about supporters' arguments, goals, or statements is included in the provided material.
No publicly available information about opponents' arguments, concerns, or statements is included in the provided material.