URGE PREDATORY LENDING REFORM
Summary
Urges sponsors of HR1214, the Payday Loan Reform Act, to (i) withdraw their support of the legislation's current provisions; (ii) support reforms that will be effective in stopping the payday lending cycle of debt; and (iii) only support proposals that do not undermine state efforts to reform the payday lending practice. Also urges members of Congress to enact a cap on annual interest rates of 36%.
Bill status
failed
1 of 4 stages cleared
Introduction
Apr 2009
Committee Review
Floor Vote
Governor
Introduced Apr 22, 2009
Last action Jan 11, 2011
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
3
Jan 11, 2011
House · Failed
Session Sine Die
Dec 1, 2009
House · Referred to committee
Rule 19(b) / Re-referred to Rules Committee
May 15, 2009
House · Referred to committee
Assigned to Financial Institutions Committee
Apr 23, 2009
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Kenneth Dunkin
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 295
Scope: IL
Hi! I can help you understand HR 295. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline