# 119-s-3561: Buy Now, Pay Later Protection Act of 2025

119-s-3561, Buy Now, Pay Later Protection Act of 2025, is a 119th Congress bill sponsored by Sen. Reed, Jack [D-RI] (D-RI); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3561
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3561
- Congress: 119
- Title: Buy Now, Pay Later Protection Act of 2025
- Status: introduced
- Introduced: 2025-12-18
- Sponsor: Sen. Reed, Jack [D-RI] (D-RI)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Brings buy now, pay later loans under the same federal consumer-credit rules that apply to credit cards.** The bill amends the Truth in Lending Act and the Consumer Financial Protection Act to define BNPL, extend key disclosure and billing protections, and place BNPL lenders under CFPB supervision.

## Cosponsors (4)

- Sen. Van Hollen, Chris [D-MD] (D-MD), 2025-12-18T00:00:00.000Z
- Sen. Blumenthal, Richard [D-CT] (D-CT), 2025-12-18T00:00:00.000Z
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2025-12-18T00:00:00.000Z
- Sen. Warren, Elizabeth [D-MA] (D-MA), 2026-02-09T00:00:00.000Z

## Provisions PRIA read

- Protections for buy now, pay later: benefit, medium. If enacted, this bill would define a buy now, pay later loan. It would be a closed-end retail loan repaid in no more than four interest-free installments and that charges no finance fee. If enacted, these loans would be covered by the Truth in Lending Act so consumers would get the same disclosure,…
- Federal oversight for buy now pay later: benefit, medium. If enacted, companies that offer buy now, pay later loans would be supervised by the Consumer Financial Protection Bureau. The Bureau could examine those firms and enforce consumer finance rules against them. This change would take effect when the law is enacted.

## Related bills

- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act
- 119-s-5108: Right to IVF Act of 2026

## Sources
- [119-s-3561 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3561)

## Related
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3561 (as of 2026-04-21).