H.R.4861: EQUAL Act of 2018

About This Bill

  • Introduced Jan. 19, 2018
  • Latest Major Action Aug. 3, 2018

Bill Cosponsor

Bill Versions

Bill Summary

Ensuring Quality Unbiased Access to Loans Act of 2018 or the EQUAL Act of 2018 This bill nullifies the Federal Deposit Insurance Corporation final guidance titled "Guidance on Supervisory Concerns and Expectations Regarding Deposit Advance Products," published November 26, 2013. (The guidance relates to the safety and soundness of insured depository intuitions offering short-term, small-dollar loans.) Federal banking agencies must issue...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.4861.

Bill Actions

Date Description
Aug. 3, 2018
Placed on the Union Calendar, Calendar No. 688.
Aug. 3, 2018
Reported by the Committee on Financial Services. H. Rept. 115-890.
March 21, 2018
Ordered to be Reported by the Yeas and Nays: 34 - 26.
March 21, 2018
Committee Consideration and Mark-up Session Held.
Jan. 19, 2018
Referred to the House Committee on Financial Services.
July 12, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Jan. 19, 2018

Introduced in the House by Trey Hollingsworth (R-Ind.)

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