Search

Search bills, members, committees and pages...

Sign In

S. 3721

U.S. Senate•In Senate Committee

Summary

S. 3721, the Empowering States' Rights To Protect Consumers Act of 2026, was introduced in the Senate on Jan 29, 2026 by Sen. Sheldon Whitehouse (D) with 3 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jan 29, 2026: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 3721 has 3 co-sponsors.

sb3721/introduced-in-senate.txt
119 S3721 IS: Empowering States' Rights To Protect Consumers Act of 2026
 U.S. Senate
 2026-01-29
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  2d Session  S. 3721  IN THE SENATE OF THE UNITED STATES   January 29, 2026   Mr. Whitehouse  (for himself,  Ms. Warren ,  Mr. Reed , and  Mr. Merkley ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To amend the Truth in Lending Act to empower the States to set the maximum annual percentage rates applicable to consumer credit transactions, and for other purposes.
1.
Short title
This Act may be cited as the   Empowering States' Rights To Protect Consumers Act of 2026  .
2.
Limits on annual percentage rates
(a)
In general
Chapter 2 of the Truth in Lending Act ( 15 U.S.C. 1631 et seq. ) is amended by adding at the end the following:
140B.
Limits on annual percentage rates
Notwithstanding any other provision of law, the annual percentage rate applicable to any consumer credit transaction (other than a residential mortgage transaction), including any fees associated with such a transaction, may not exceed the maximum rate permitted by the laws of the State in which the consumer resides.
 .
(b)
Technical and conforming amendment
The table of contents for chapter 2 of the Truth in Lending Act is amended by adding at the end the following:
140B. Limits on annual percentage rates.
  .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-01-29
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to amend the Truth in Lending Act to empower the States to set the maximum annual percentage rates applicable to consumer credit transactions, and for other purposes.

Sponsors

Sen. Sheldon Whitehouse (D) sponsors S. 3721, and 3 members have co-sponsored it, all of them from the day it was introduced.

Committees

S. 3721 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Jan 29, 2026 · 465 Bills

Actions

S. 3721 has taken 2 actions since Jan 29, 2026.

ChamberAction
Jan 29, 2026
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Jan 29, 2026
—
Introduced in Senate

Votes

S. 3721 has not gone to a roll call.

Titles

S. 3721 goes by 3 titles, 1 of them short titles.

  • Empowering States' Rights To Protect Consumers Act of 2026 — Display Title
  • Empowering States' Rights To Protect Consumers Act of 2026 — Short Title(s) as Introduced
  • A bill to amend the Truth in Lending Act to empower the States to set the maximum annual percentage rates applicable to consumer credit transactions, and for other purposes. — Official Title as Introduced

Lobbying

4 clients hired 4 firms and 18 registered lobbyists who named S. 3721 in 9 quarterly filings, 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Banking, Financial Institutions/Investments/Securities, Housing, Consumer Issues/Safety/Products, Taxation/Internal Revenue Code, Budget/Appropriations, Defense, Government Issues.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AMERICANS FOR FINANCIAL REFORM—District of Columbia13—
AMERICAN FINTECH COUNCILTrade association representing the largest fintech companies and innovative BaaS banksDistrict of Columbia12—
CENTER FOR RESPONSIBLE LENDING A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP—District of Columbia12—
JPMORGAN CHASE HOLDINGS LLC—New York12—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AMERICANS FOR FINANCIAL REFORM13—
AMERICAN FINTECH COUNCIL12—
CENTER FOR RESPONSIBLE LENDING, A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP12—
JPMORGAN CHASE HOLDINGS LLC12—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
MARK HAYS113
RUKMANI BHATIA113
AINDRIU COLGAN112
BRIDGET HOGAN112
COURTNEY HOUSTON-CARTER112
DAVID FERREIRA112
EBEN PECK112
EILEEN BRADEN112
ELI WOERPEL112
ELIZABETH HERMAN112
HAYDEN COLE112
HILARY WEST112
IAN MOLONEY112
JOHN BARTLING112
KATHLEEN MELLODY112
LEWIS PLUSH112
PATRICK ARLANTICO112
OMAIR MIRZA111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
JPMORGAN CHASE HOLDINGS LLCJPMORGAN CHASE HOLDINGS LLC2026 first_quarter$1.2M1st Quarter - Report
JPMORGAN CHASE HOLDINGS LLCJPMORGAN CHASE HOLDINGS LLC2026 second_quarter$1.2M2nd Quarter - Report
CENTER FOR RESPONSIBLE LENDING A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELPCENTER FOR RESPONSIBLE LENDING, A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP2026 first_quarter$170K1st Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2026 first_quarter$150K1st Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2026 first_quarter$120K1st Quarter - Amendme…
AMERICAN FINTECH COUNCILAMERICAN FINTECH COUNCIL2026 second_quarter$110K2nd Quarter - Report
AMERICANS FOR FINANCIAL REFORMAMERICANS FOR FINANCIAL REFORM2026 second_quarter$100K2nd Quarter - Report
CENTER FOR RESPONSIBLE LENDING A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELPCENTER FOR RESPONSIBLE LENDING, A SUPPORTING CORP OF CTR FOR COMMUNITY SELF-HELP2026 second_quarter$90K2nd Quarter - Report
AMERICAN FINTECH COUNCILAMERICAN FINTECH COUNCIL2026 first_quarter$70K1st Quarter - Report

Classification

The Congressional Research Service files S. 3721 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 3721’s is Finance and Financial Sector.

s3721/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com