Truth in Lending Act
Legislative History to the Original 1968 Act

Pub. L. No. 90-321, Title I, May 29, 1968, 82 Stat. 146 (15 U.S.C. 1601 et seq.)
Part of LLSDC's Legislative Sourcebook

See also Truth in Lending Act Amendments and Related Links.

Citation links are to the "bound" edition of the Congressional Record (C.R.).
See List of all bills (1960-1968) related to the Truth in Lending Act. Bills without accompanying remarks or actions have not been digitized or shown below. Hearing titles and dates are noted below, but the text has not been digitized.

Chronology of Actions with Links

86^th Congress

87^th Congress

Apr. 27, 1961 - S. 1740, Truth in Lending Act, introduced by Sen. Douglas, D-IL; 7 pages.
May 01, 1961 - H.R. 6725, Truth in Lending Act, introduced by Rep. Multer, D-NY; 7 pages.
May 03, 1961 - Sen. Bennett, R-UT - remarks vigorously opposing S. 1740, Truth in Lending bill
- - - - - - - - - - (107 C.R. 7091-97).
May 11, 1961 - Sen. Douglas, D-IL - remarks vigorously defending S. 1740, Truth in Lending bill
- - - - - - - - - - (107 C.R. 7856-60).
May 11, 1961 - H.R. 7013, Truth in Lending Act, introduced by Rep. Halpern, R-NY, 7 pages.
July 17 - 27, 1961 - Hearings, "Truth in Lending bill," before a subcommittee of the
- - - - - - - - - - Senate Banking Committee.
Aug. 07, 1961 - Sen. Clark, D-PA - remarks in disappointment over ABA testimony opposing TILA
- - - - - - - - - - (107 C.R. 14854-55).
Aug. 09, 1961 - Rep. Multer, D-NY - remarks in support of his bill, H.R. 6725, on finance
- - - - - - - - - - charge disclosures (107 C.R. 15315-16).
Aug. 18, 1961 - Rep. Halpern, R-NY - remarks in support of his bill H.R. 7013 and S. 1740
- - - - - - - - - - (107 C.R. 16331-32).
May 8 - 18, 1962 - Hearings, "Truth in Lending," before a subcommittee of the Senate Banking
- - - - - - - - - - Committee.

88^th Congress

Jan. 9, 1963 - H.R. 797, Truth in Lending Act, 7 pages, introduced by Rep. Nix, D-PA.
Jan. 10, 1963 - Remarks by Rep. Nix on H.R. 797 (109 C.R. 152).
Feb. 7, 1963 - S. 750, Truth in Lending Act, 9 pages, introduced by Sen. Douglas, D-IL.
Feb. 21, 1963 - H.R. 4070, Truth in Lending Act, 9 pages, introduced by Rep. Lenore Sullivan, D-MO.
Mar. 04, 1963 - H.R. 4468, Truth in Lending Act, 9 pages, introduced by Rep. Ryan, D-NY
- - - - - - - - - - remarks (109 C.R. 3378-79).
Jun. 19, 1963 - Sen. Douglas, D-IL - remarks and insertion of letter of support from DC Natl Bank
- - - - - - - - - - (109 C.R. 11172-73).
Aug. 16, 1963 - Jan. 11, 1964 - Hearings, "Truth in Lending," (2 parts) before a subcommittee of the
- - - - - - - - - - Senate Banking Committee.

89th Congress

Jan. 04, 1965 - H.R. 155, Truth in Lending Act, 9 pages, introduced by Rep. Sullivan, D-MO.
May 20, 1965 - H.R. 8332, Truth in Lending Act, 9 pages, introduced by Rep. Ryan, D-NY - remarks
- - - - - - - - - - (111 C.R. 11150).
July 12, 1965 - S. 2275, Truth in Lending Act, 10 pages, introduced by Sen. Douglas, D-IL - remarks
- - - - - - - - - - (111 C.R.16423-16430).
Aug. 30, 1965 - H.R. 10735, Truth in Lending Act, 10 pages, introduced by Rep. Conyers, D-MI -
- - - - - - - - - - remarks (111 C.R. 22130-22132).
Feb. 08, 1966 - Sen. Douglas, D-IL - remarks on support for truth in lending legislation by the
- - - - - - - - - - Consumer Advisory Council (112 C.R. 2524).
Feb. 08, 1966 - Sen. Douglas, D-IL - remarks on President Johnson's support for truth in lending
- - - - - - - - - - legislation (112 C.R. 2534).
Mar. 04, 1966 - Sen. Douglas, D-IL - upon inserting an article on the need for truth in lending bill
- - - - - - - - - - (112 C.R. 4959-4961).
Mar. 08, 1966 - Rep. Mink, D-HI - remarks in support of truth-in-lending & truth-in-packaging
- - - - - - - - - - legislation (112 C.R. 5349-5350).
Mar. 16, 1966 - Rep. Sullivan, D-MO - remarks commending CBS program on consumer credit
- - - - - - - - - - (112 C.R. 6051-6052).
Mar. 21, 1966 - Rep. Sullivan, D-MO - remarks commending President Johnson's support for
- - - - - - - - - - truth-in-lending bill (112 C.R. 6277-6280).
Mar. 22, 1966 - Sen. Gruening, D-AK - remarks commending supporters of truth-in-lending bill
- - - - - - - - - - (112 C.R. 6479-6480).
Apr. 19, 1966 - Sen. Douglas, D-IL - remarks on the Consumer Assembly 1966 meeting & the
- - - - - - - - - - truth-in-lending-bill (112 C.R. 8313).

90^th Congress

Jan. 11, 1967 - S. 5, Truth in Lending Act, 11 pages, introduced by Sen. Proxmire, D-WI.
Jan. 31, 1967 - Sen. Proxmire remarks concerning S.5, Truth-in-Lending Bill (113 C.R. 2042-2052).
Apr. 13 - May 10, 1967 - Hearings, "Truth in Lending - 1967," before a subcommittee of the
- - - - - - - - - - Senate Banking Committee.
Jun. 13, 1967 - S. 5, Truth in Lending Act, 31 pages, committee print markup version.
Jun. 14, 1967 - Sen. Proxmire on subcommittee changes adopted in S.5, Truth in Lending bill
- - - - - - - - - - (113 C.R. 15793-15797).
Jun. 23, 1967 - Hearing, "Revolving credit provisions of truth in lending," before the
- - - - - - - - - - Senate Banking Committee.
Jun. 29, 1967 - S. 5, Truth in Lending Act, 31 p., as reported with marked up text (S. Rept. 90-392).
July 10, 1967 - S. 5 considered in the Senate with text as reported laid out (113 C.R. 18179-82).
July 11, 1967 - S. 5 considered and passed by the Senate 92 to 8 (113 C.R. 18399-18424).
July 12, 1967 - S. 5, Truth in Lending Act, 22 pages, as passed and referred to the House.
July 20, 1967 - H.R. 11601, Consumer Credit Protection Act, 41 pages, introduced by Rep. Sullivan -
- - - - - - - - - - remarks (113 C.R. 19561-19563).
Aug. 01, 1967 - Remarks by Rep. Sullivan on pending hearings on S. 5 and H.R. 11601
- - - - - - - - - - (113 C.R. 20877-20878).
Aug. 7 - 18, 1967 - Hearings, "Consumer Credit Protection Act" on H.R. 11601 (2 parts)
- - - - - - - - - - before a subcommittee of the House Committee on Banking and Currency.
Aug. 17, 1967 - Remarks by Rep. Sullivan on testimony concerning wage-garnishment provisions in
- - - - - - - - - - H.R. 11601 (113 C.R. A4209-11).
Aug. 31, 1967 - Remarks by Rep. Sullivan and insertion of testimony on Consumer Credit Protection
- - - - - - - - - - Act (113 C.R. 24901-08).
Sep. 28, 1967 - Remarks by Rep. Sullivan on the disagreement over including disclosure of
- - - - - - - - - - revolving credit plans (113 C.R. 27216-17).
Oct. 04, 1967 - Remarks by Rep. Sullivan on Administration support to include revolving credit plans
- - - - - - - - - - in TILA (113 C.R. 27807-14).
Oct. 25, 1967 - Remarks by Rep. Sullivan on the near victory of department stores over other credit
- - - - - - - - - - providers (113 C.R. 29964).
Nov. 01, 1967 - Remarks by Rep. Sullivan on subcommittee completion of H.R. 11601 and its
- - - - - - - - - - 6 to 6 disagreement (113 C.R. 30862-63).
Nov. 27, 1967 - Remarks by Rep. Sullivan; inserts article on the victory in Committee of chain/
- - - - - - - - - - department stores (113 C.R. A5795-96).
Nov. 27, 1967 - Remarks by Rep. Sullivan on wage garnishment and support from employers who
- - - - - - - - - - bear the cost (113 C.R. A5779-80).
Nov. 28, 1967 - Remarks by Rep. Sullivan upon Committee completion of H.R. 11601; will fight to
- - - - - - - - - - further strengthen (113 C.R. 34123-24).
Nov. 30, 1967 - H.R. 11601, Consumer Credit Protection Act, 49 p. as a Cmte Print before markup.
Dec. 01, 1967 - Remarks by Rep. Sullivan on consumer organization support for a
- - - - - - - - - - strong truth in lending bill (113 C.R. A5923-24).
Dec. 06, 1967 - Remarks Rep. Sullivan on support from B'nai B'rith in not weakening truth-in-lending
- - - - - - - - - - bill (113 C.R. 35364-65).
Dec. 08, 1967 - Remarks by Rep. Sullivan; inserts editorial deriding dept. stores that can't calculate
- - - - - - - - - - annual interest (113 C.R. A6053-54).
Dec. 13, 1967 - H.R. 11601, Consumer Credit Protection Act, 49 pages, as reported
- - - - - - - - - - with report (H. Rept. 90-1040).
Jan. 02, 1968 - Remarks by Rep. Sullivan on bankers' opposition to exempting dept. stores from
- - - - - - - - - - annual interest discl. (114 C.R. A6585).
Jan. 30, 1968 - House considered and debated H.R. 11601 (114 C.R. 1421-1461).
Jan. 31, 1968 - House considered and amended H.R. 11601 (114 C.R. 1582-1618).
Jan. 31, 1968 - Remarks by Sen. Proxmire on the shift to require annual interest disclosure of
- - - - - - - - - - all credit providers (114 C.R. 1678-1679).
Feb. 01, 1968 - House amended and passed H.R. 11601 383 to 4 and then passed S. 5
- - - - - - - - - - as amended with H.R. 11601 (114 C.R. 1831-1857).
Feb. 01, 1968 - Rep. Eckhardt remarks supporting H.R. 11601 and opposing the Republican
- - - - - - - - - - Poff amendment (114 C.R. 1918-1919).
Feb. 07, 1968 - Senate disagreed to the House amendment to S. 5, requested a conf.; appointed
- - - - - - - - - - conferees (114 C.R. 2550-2555).
Feb. 08, 1968 - House agreed to conference with the Senate on S. 5 and appointed
- - - - - - - - - - conferees (114 C.R. 2736).
Feb. 26, 1968 - Sen. Bartlett in support of S. 5 including garishment limits passed in the House
- - - - - - - - - - (114 C.R. 4126-4128).
Mar. 01, 1968 - Remarks by Sen. Proxmire; inserts editorial in support of garnishment limits
- - - - - - - - - - in S. 5 passed by House (114 C.R. 4859).
Mar. 01, 1968 - Remarks by Sen. Proxmire; inserting an editorial in support of S. 5 by the
- - - - - - - - - - American Industrial Bankers Assn (114 C.R. 4860).
Mar. 05, 1968 - Rep. Sullivan - remarks on S. 5 before the DC Home Economics Assn
- - - - - - - - - - (114 C.R. 5388-5391).
Apr. 10, 1968 - Remarks by Rep. Brewster, D-MD, and insertion of TV program transcript on
- - - - - - - - - - truth-in-lending (114 C.R. 9642-9645).
Apr. 11, 1968 - Remarks Sen. Symington, D-MO, and insertion of TV program transcript on
- - - - - - - - - - truth-in-lending (114 C.R. 9718-9720).
Apr. 23, 1968 - Remarks by Rep. Sullivan and insertion of an article on the disagreements in
- - - - - - - - - - conference on S. 5 (114 C.R. 10408-10409).
May 20, 1968 - Conference report on S. 5 submitted; includes 9 page House managers statement
- - - - - - - - - - (H. Rept. 90-1397).
May 22, 1968 - House considered and agreed to conference report on S. 5 (114 C.R. 14375-96).
May 22, 1968 - Senate considered and agreed to conference report on S. 5 (114 C.R. 14486-93).
May 29, 1968 - President Johnson signs S. 5 into law (Pub. L. No. 90-321, 82 Stat. 146)
- - - - - - - - - - See Congressional Research Service summary.

See also Truth in Lending Act Amendments and Related Links.

Compiled by Rick McKinney and Caitlin Romano
Federal Reserve Board Law Library
Washington, D.C.

Please email your questions or comments to the Legislative SIS.

Last updated in April, 2014