# 114-hr-5156: Small Business Credit Card Act of 2016

114-hr-5156, Small Business Credit Card Act of 2016, is a 114th Congress bill sponsored by NITA LOWEY (D-NY); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5156
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5156
- Congress: 114
- Title: Small Business Credit Card Act of 2016
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2016-04-29
- Sponsor: NITA LOWEY (D-NY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Small Business Credit Card Act of 2016 This bill amends the Truth in Lending Act to cover any qualified small business as a consumer with respect to a credit card account under an open end credit plan (thereby extending credit card protections under such Act to small businesses). The bill defines "qualified small business" under the Act as any business concern having 50 or fewer employees, whether or not: (1) the credit card account is in the name of an individual or a business entity, and (2) any credit transaction involving such account is for business or personal purposes. A qualified small business may elect to opt out of coverage by the Act. Certain creditor disclosures are required before opening any account under an open end consumer credit plan for a qualified small business. A creditor is prohibited from: (1) discriminating against any business concern having 50 or fewer employees in connection with any credit card account under an open end credit plan; or (2) requiring any qualified small business to make an opt-out election as a condition for opening a credit card account, or for providing more advantageous terms for such an account.

## Related bills

- 114-hr-6428: To amend title XVIII of the Social Security Act to limit Medicare part B premium increases for 2017.
- 114-hr-6421: Anti-Semitism Awareness Act of 2016
- 114-hr-6297: Iran Sanctions Extension Act
- 114-hr-6208: Combating European Anti-Semitism Act of 2016
- 114-hr-6282: To designate the facility of the United States Postal Service located at 2024 Jerome Avenue, in Bronx, New York, as the "Dr. Roscoe C. Brown, Jr. Post Office B…
- 114-hr-5954: Limiting Inhumane Federal Trapping for Public Safety Act

## Sources
- [114-hr-5156 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5156)

## Related
- [114-hr-6428: To amend title XVIII of the Social Security Act to limit Medicare part B premiu…](https://policyrisk.com/legislation/114-hr-6428)
- [114-hr-6421: Anti-Semitism Awareness Act of 2016](https://policyrisk.com/legislation/114-hr-6421)
- [114-hr-6297: Iran Sanctions Extension Act](https://policyrisk.com/legislation/114-hr-6297)
- [114-hr-6208: Combating European Anti-Semitism Act of 2016](https://policyrisk.com/legislation/114-hr-6208)
- [114-hr-6282: To designate the facility of the United States Postal Service located at 2024 J…](https://policyrisk.com/legislation/114-hr-6282)
- [114-hr-5954: Limiting Inhumane Federal Trapping for Public Safety Act](https://policyrisk.com/legislation/114-hr-5954)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5156 (as of 2025-11-18).