Summary: S.3560 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.3560. Bill summaries are authored by CRS.

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Introduced in Senate (03/22/2020)

Small Business and Consumer Emergency Credit Act

This bill applies certain military consumer credit protections to all consumers, tax-exempt charitable organizations, and small businesses for credit extended during the COVID-19 (i.e., coronavirus disease 2019) emergency period. Specifically, the bill caps the interest rate on an extension of consumer credit at 36%.