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BillHR 9275 · 119

Buy Now Pay Later Consumer Protection Act of 2026

Introduced
Jun 11, 2026
Cosponsors
0
Traction
0
Last Action
Jun 11, 2026

Bill Summary

Regulates buy now, pay later services to protect consumers from unfair practices. Requires these services to clearly disclose terms and conditions to borrowers.

Sponsored By

Daniel S. Goldman
Democrat · New York · House

Bill Journey

  1. Jun 11, 2026
  3. Jun 11, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects consumers who use buy now, pay later services, providing them with clearer information about loan terms and potentially reducing debt and financial stress. It also impacts companies offering these services, which would need to comply with new disclosure requirements.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Democratic1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicConsumer & Retail
CommitteeCommittee on Financial Services
IntroducedJun 11, 2026
Last UpdatedJun 11, 2026
Latest ActionReferred to the House Committee on Financial Services.
Subjects
  • Retail

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.