S2019Referred to Committee

TRAPS Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-06-10
Introduced
11
Cosponsors
S
ⓘ
Type

Sponsor

Mike Crapo
Mike Crapo
Republican · ID · Senator
Votes with party: 75.9% (847 recorded votes)
Top industries funding sponsor:
  • Progressive Groups$250k

Full profile: /officials/C000880

Source: Congress.gov · FEC

Cosponsors (11)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-06-10

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

The TRAPS Act addresses financial regulations and oversight in the banking and housing sectors, likely aiming to modify how financial institutions operate or are regulated. Based on its referral to the Banking Committee, the bill probably affects banks, lenders, and potentially borrowers or homebuyers, though the specific changes would depend on the bill's detailed provisions. The measure is currently under review and has not yet been debated or voted on.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Finance and Financial Sector
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Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.