Empowering States' Rights To Protect Consumers Act of 2026

This bill would amend the federal Truth in Lending Act to cap the annual percentage rate on consumer credit at the maximum rate allowed by the state where the borrower lives. The cap would apply notwithstanding any other provision of law. The annual percentage rate would include any fees tied to the transaction. Residential mortgage transactions would not be covered by this limit.

Full text and official record on Congress.gov

Sponsors

• Sheldon Whitehouse Democrat sponsor
• 3 cosponsors