Section 1. Short title
This Act may be cited as the Empowering States' Rights To Protect Consumers Act of 2026.
(a) In general
Chapter 2 of the Truth in Lending Act (15 U.S.C. 1631 et seq.) is amended by adding at the end the following:
Section 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.
(b) Technical and conforming amendment
The table of contents for chapter 2 of the Truth in Lending Act is amended by adding at the end the following: