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H.R. 4861: EQUAL Act of 2018

To nullify certain guidance on deposit advance products, to require the Federal banking agencies to establish standards for short-term, small-dollar loans made by insured depository institutions, to exempt insured depository institutions and insured credit unions from the payday lending rule of the Bureau of Consumer Financial Protection, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Trey Hollingsworth

Sponsor. Representative for Indiana's 9th congressional district. Republican.

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Last Updated: Jan 19, 2018
Length: 4 pages
Introduced:

Jan 19, 2018

Status:

Ordered Reported on Mar 21, 2018

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on March 21, 2018.

Prognosis:

14% chance of being enacted according to Skopos Labs (details)

History

Jan 19, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Mar 21, 2018
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Pending
 
Passed House (Senate next)

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 4861 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“H.R. 4861 — 115th Congress: EQUAL Act of 2018.” www.GovTrack.us. 2018. June 21, 2018 <https://www.govtrack.us/congress/bills/115/hr4861>

Where is this information from?

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