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- S.1347
S.1347: Low-Cost Alternatives to Payday Loans Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about economics and public finance
- Introduced June 30, 2005
- Latest Major Action Feb. 28, 2006
Bill Sponsor
Bill Summary
Low-Cost Alternatives to Payday Loans Act - Authorizes the Secretary of the Treasury to award demonstration project grants (including multi-year grants) to eligible entities to provide low-cost, small loans to consumers that will provide alternatives to more costly, predatory payday loans. Includes within eligible entities: (1) a tax exempt charitable (501(c)(3)) organization; (2) a federally insured depository institution; and (3) a community...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Sponsor introductory remarks on measure.
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Sponsor introductory remarks on measure.
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June 30, 2005 |
Introduced in the Senate by Daniel K. Akaka (D-Hawaii) |