From the story:

The House Labor, Commerce and Industry Committee takes up regulations for the industry Tuesday. The bill is on a fast track with most of the House’s members signed on as co-sponsors.

The bill prevents consumers from taking out more than one $600 loan at a time and requires the industry to check a database before making loans.

The database would be paid for through fees on the industry. Critics say that borrowers should have to wait a week before taking out a second loan.