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![handle is hein.congrecreports/crptxagtg0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-789
CLARITY IN LENDING ACT
DECEMBER 3, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. McHENRY, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 8338]
The Committee on Financial Services, to whom was referred the
bill (H.R. 8338) to regulate small-dollar, short-term credit products,
to protect the privacy of lenders, and to improve the unfair, decep-
tive, or abusive acts or practices authority of the Bureau of Con-
sumer Financial Protection, and for other purposes, having consid-
ered the same, reports favorably thereon with an amendment and
recommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 6
Background and Need for Legislation .................................................................... 7
R elated H earing ....................................................................................................... 8
Com m ittee Consideration ........................................................................................ 9
C om m ittee V otes ..................................................................................................... 9
Com m ittee Oversight Findings ............................................................................... 13
Perform ance Goals and Objectives ........................................................................ 13
Congressional Budget Office Estimates ................................................................. 13
New Budget Authority, Entitlement Authority, and Tax Expenditures ............ 13
Federal M andates Statem ent ................................................................................. 13
Advisory Com m ittee Statem ent ............................................................................. 13
Applicability to Legislative Branch ........................................................................ 14
Earm ark Identification ........................................................................................... 14
Duplication of Federal Program s ........................................................................... 14
Section-by-Section Analysis of the Legislation ..................................................... 14
Changes in Existing Law Made by the Bill, as Reported ................. 16
M inority V iew s ........................................................................................................ 28
The amendment is as follows:
59-006](ViewImageLocal?handle=hein.congrecreports/crptxagtg0001&div=1&collection=&method=preview&ext=.png&size=3)