S. 4116 · 109th Congress
A bill to amend the Federal Deposit Insurance Act, to clarify the scope of provisions relating to applicable…
Full title
A bill to amend the Federal Deposit Insurance Act, to clarify the scope of provisions relating to applicable rates of interest and other charge limitations.
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LincolnSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Federal Deposit Insurance Act with respect to applicable rates of interest and other charge limitations in connection with interstate bank mergers.
What it does: CRS summary · Introduced in Senate · Dec 8, 2006
Amends the Federal Deposit Insurance Act with respect to applicable rates of interest and other charge limitations in connection with interstate bank mergers.
Sets 17% per annum, or such lower limit as the state legislature may impose, on the maximum interest, discount points, finance charges or fees that may be charged in a state, until judgment, in any loan or credit sale or on any note or other evidence of debt issued to or acquired by any person (other than an insured depository institution) engaged in the business of lending, or of selling or financing the sale of personal property, upon establishment in the state of a branch of any out-of-state insured depository institution.
Includes among such persons any person or entity engaged in the business of providing cash advances or loans to a consumer in exchange for the consumer's personal check or share draft, or personal authorization to debit the consumer's transaction acount, in the amount of the advance plus a fee. Includes also any such person or entity that provides such a cash advance or loan in exchange for holding title or means of access to personal property pending repayment of the obligation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to amend the Federal Deposit Insurance Act, to clarify the scope of provisions relating to applicable rates of interest and other charge limitations.
Latest action (Dec 8, 2006): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Dec 8, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.