Sponsors (2)
Indexing the statutory dollar threshold preserves consumer protections and reduces the need for legislative updates, at the cost of modestly higher compliance and government oversight costs that may be borne by banks, customers, or taxpayers.
Consumers will keep coverage of the statute as the dollar threshold is indexed to inflation, preserving protections against certain account practices over time.
Financial institutions and consumers gain greater regulatory certainty because the threshold will be adjusted predictably each year, reducing the need for frequent legislative fixes.
Banks and other financial firms may incur higher compliance and administrative costs as indexed thresholds rise, which could be passed along to customers through fees or service changes.
Taxpayers and consumers could face increased government regulatory and enforcement complexity and costs tied to administering an annually indexed threshold.
Based on analysis of 2 sections of legislative text.
Directs the Federal Reserve to inflation‑adjust a statutory dollar threshold using the CPI, starting with a one‑time 2009–2025 update and annual updates thereafter.
Introduced February 11, 2026 by Rafael Edward Cruz · Last progress February 11, 2026
Requires the Federal Reserve Board to adjust a specified dollar threshold in existing federal consumer-finance law for inflation using the Consumer Price Index (CPI). The bill directs a one-time pre‑adjustment based on the percent change between October 2009 and October 2025, then annual CPI-based adjustments thereafter, with the first annual adjustment due by July 1, 2026 and subsequent adjustments each January 15.