U.S. Congress legislation · 119th Congress
HB10439: Veterans and Consumers Fair Credit Act
Status: In committee, September 16, 2026
To amend the Truth in Lending Act to extend the consumer credit protections provided to members of the Armed Forces and their dependents under title 10, United States Code, to all consumers.
What the bill says
To amend the Truth in Lending Act to extend the consumer credit protections provided to members of the Armed Forces and their dependents under title 10, United States Code, to all consumers.
From the introduced text, September 16, 2026:
A BILL To amend the Truth in Lending Act to extend the consumer credit protections provided to members of the Armed Forces and their dependents under title 10, United States Code, to all consumers. SECTION 1. Short title This Act may be cited as the Veterans and Consumers Fair Credit Act . SECTION 2. Limitations on consumer credit and maximum rates of interest (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: SECTION 140B. Limitations on consumer credit and maximum rates of interest (a) Application of the Military Lending Act (1) In general Except as provided in paragraph (2), section 987(b) of title 10, United States Code (commonly referred to as the Military Lending Act ), shall apply to a creditor who extends consumer credit to a consumer to the same extent as such section applies to a creditor who extends consumer credit to a covered member or a dependent with respect to a covered member (as those terms are defined in such section 987). (2) Exceptions Paragraph (1) shall not apply to an extension of credit that is-- (A) a residential mortgage; (B) a loan procured to purchase a car, when that loan is offered for the express purpose of financing …
Sponsors
- Glenn Grothman (R, HD-006) · primary sponsor
- Jesus Garcia (D, HD-IL-4)
Latest actions
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Finance and Financial Sector
Common questions
- What is HB10439?
- HB10439 is a bill in Congress (119th Congress): Veterans and Consumers Fair Credit Act.
- What does HB10439 do?
- In its own words: To amend the Truth in Lending Act to extend the consumer credit protections provided to members of the Armed Forces and their dependents under title 10, United States Code, to all consumers.
- What is the status of HB10439?
- In committee as of September 16, 2026. Latest action: Referred to the House Committee on Financial Services. (September 16, 2026).
- Who sponsored HB10439?
- Glenn Grothman (R, HD-006), with 1 co-sponsor.
- Where is the official record for HB10439?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10439
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.