HR-3299 : Still Just a Bill

Protecting Consumers' Access to Credit Act of 2017

This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.

Action Timeline

Action DateTypeTextSource
2018-02-15IntroReferralReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2018-02-14FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2018-02-14VoteOn passage Passed by the Yeas and Nays: 245 - 171 (Roll no. 78). (text: CR H1148)House floor actions
2018-02-14FloorConsidered as unfinished business. (consideration: CR H1169)House floor actions
2018-02-14FloorPOSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 3299, the Chair put the question on passage of the bill, and by voice vote announced the ayes had prevailed. Mr. Hensarling demanded the yeas and nays, and the Chair postponed further proceedings on the question of passage until later in the legislative day.House floor actions
2018-02-14FloorThe previous question was ordered pursuant to the rule.House floor actions
2018-02-14FloorDEBATE - The House proceeded with one hour of debate on H.R. 3299.House floor actions
2018-02-14FloorProvides for consideration of H.R. 620 and H.R. 3978 under structured rules and H.R. 3299 under a closed rule. Each bill shall be debatable for one hour. The resolution provides for proceedings during the period of February 16, 2018 through February 23, 2018.House floor actions
2018-02-14FloorConsidered under the provisions of rule H. Res. 736. (consideration: CR H1147-1155)House floor actions
2018-02-13FloorRules Committee Resolution H. Res. 736 Reported to House. Provides for consideration of H.R. 620 and H.R. 3978 under structured rules and H.R. 3299 under a closed rule. Each bill shall be debatable for one hour. The resolution provides for proceedings during the period of February 16, 2018 through February 23, 2018.House floor actions
2018-01-30CalendarsPlaced on the Union Calendar, Calendar No. 402.House floor actions
2018-01-30CommitteeReported by the Committee on Financial Services. H. Rept. 115-538.House floor actions
2017-11-15CommitteeOrdered to be Reported by the Yeas and Nays: 42 - 17.House committee actions
2017-11-15CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2017-07-19IntroReferralReferred to the House Committee on Financial Services.House floor actions
2017-07-19IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Finance and Financial Sector
See Subjects
  • Banking and financial institutions regulation
  • Consumer credit
  • Credit and credit markets
  • Federal preemption
  • Interest, dividends, interest rates

Related Bills

See Related Bills