HR6891Referred to Committee
Buy Now, Pay Later Protection Act of 2025
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-12-18
Introduced
5
Cosponsors
HR
ⓘType
Sponsor
Deborah K. Ross
Democrat · NC · Representative
Votes with party: 99.1% (552 recorded votes)
Full profile: /officials/R000305
Source: Congress.gov · FEC
Cosponsors (5)
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 →
Committee Activity
Currently in
- House Committee on Financial ServicesReferred To · 2025-12-18
Previously
- Financial Services CommitteeReferred To · 2025-12-18
Plain-English Summary
This bill would establish new consumer protections for "buy now, pay later" services—the increasingly popular payment plans that let shoppers split purchases into installments without using a credit card. The legislation would likely require these companies to disclose fees and terms clearly, limit predatory practices, and possibly regulate how they report payment history to credit agencies, similar to protections that already exist for traditional credit products. The rules would affect both the companies offering these services and the millions of consumers using them to make everyday purchases.
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
Full bill text is not yet cached locally.
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