Empowering States' Rights To Protect Consumers Act of  2022
This bill limits the annual percentage rate applicable to any consumer credit transaction (other than a residential mortgage transaction), including any associated fees, to the maximum rate permitted by the laws of the state in which the consumer resides.
To amend the Truth in Lending Act to empower the States to set the 
     maximum annual percentage rates applicable to consumer credit 
                 transactions, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Empowering States' Rights To Protect 
Consumers Act of 2022''.

SEC. 2. LIMITS ON ANNUAL PERCENTAGE RATES.

    Chapter 2 of the Truth in Lending Act (15 U.S.C. 1631 et seq.) is 
amended by adding at the end the following:

``SEC. 140B. LIMITS ON ANNUAL PERCENTAGE RATES.

    ``Notwithstanding any other provision of law, the annual percentage 
rate applicable to any consumer credit transaction (other than a 
residential mortgage transaction), including any fees associated with 
such a transaction, may not exceed the maximum rate permitted by the 
laws of the State in which the consumer resides.''.
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Empowering States' Rights To Protect Consumers Act of 2022
A bill to amend the Truth in Lending Act to empower the States to set the maximum annual percentage rates applicable to consumer credit transactions, and for other purposes.
Empowering States' Rights To Protect Consumers Act of 2022
Sen. Whitehouse, Sheldon