Consumer Credit
US Congress 112th Congress
Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 [S.1121]
[Labor, Jobs, Employment ]
[Retirement ]
[Taxes ]
[Unemployment ]
[Pensions ]
Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 or the SEAL 401(k) Savings Act - Amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to: (1) extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed, and (2) prohibit plans from allowing the use of credit cards or similar arrangements to access loan amounts. Requires the Secretary of the Treasury to modify regulations governing hardship distributions from qualified employer plans to allow
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Sponsored by: Sen. Michael B. Enzi
Read Twice And Referred To The Committee On Finance. on 05/26/2011
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A bill to provide judicial review of National Security Letters. [S.1075]
[National Security ]
[Cybersecurity ]
[Law Enforcement ]
[Criminal Justice ]
[Data Privacy ]
[Crime ]
Prohibits an officer or employee of the United States from issuing a national security letter under specified provisions of the federal criminal code, the Fair Credit Reporting Act, the Right to Financial Privacy Act of 1978, or the National Security Act of 1947 unless: (1) the letter is submitted to a designated judge of the court established under specified provisions of the Foreign Intelligence Surveillance Act of 1978, and (2) such judge issues an order finding that a warrant could be issued under the Federal Rules of Criminal Procedure to search
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Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On The Judiciary. on 05/25/2011
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A bill to require the Attorney General to establish minimization and destruction procedures governing the acquisition, retention, and dissemination by the Federal Bureau of Investigation of certain records. [S.1073]
[Cybersecurity ]
[Data Privacy ]
[National Security ]
[Law Enforcement ]
[Criminal Justice ]
Directs the Attorney General (AG) to establish minimization and destruction procedures governing the acquisition, retention, and dissemination of any records received by the Federal Bureau of Investigation (FBI): (1) in response to a national security letter issued under specified provisions of the federal criminal code authorizing FBI requests for telephone toll and transactional records for counterintelligence purposes, the Fair Credit Reporting Act, the Right to Financial Privacy Act of 1978, or the National Security Act of 1947; or (2) pursuant
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Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On The Judiciary. on 05/25/2011
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Fourth Amendment Restoration Act [S.1070]
[Cybersecurity ]
[National Security ]
[Technology and Innovation ]
[Law Enforcement ]
[Criminal Justice ]
[Data Privacy ]
[Crime ]
Fourth Amendment Restoration Act - Amends the Foreign Intelligence Surveillance Act of 1978 (FISA) to impose limits on roving electronic surveillance by revising specifications and adding directions required to be included in the order of a designated judge approving such surveillance, including, in cases where the facility or place at which the electronic surveillance will be directed is unknown at the time the order is issued, that the electronic surveillance be conducted only for such time as reasonable to presume that the target of the surveillance
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Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On The Judiciary. on 05/25/2011
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Fourth Amendment Restoration Act [S.1050]
[Cybersecurity ]
[National Security ]
[Technology and Innovation ]
[Law Enforcement ]
[Criminal Justice ]
[Data Privacy ]
[Crime ]
Fourth Amendment Restoration Act - Amends the Foreign Intelligence Surveillance Act of 1978 (FISA) to impose limits on roving electronic surveillance by revising specifications and adding directions required to be included in the order of a designated judge approving such surveillance, including, in cases where the facility or place at which the electronic surveillance will be directed is unknown at the time the order is issued, that the electronic surveillance be conducted only for such time as reasonable to presume that the target of the surveillance
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Sponsored by: Sen. Rand Paul
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 66. on 05/24/2011
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Savings Enhancement by Alleviating Leakage in 401(k)Savings Act of 2011 [S.1020]
[Labor, Jobs, Employment ]
[Retirement ]
[Taxes ]
[Pensions ]
Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 or the SEAL 401(k) Act - Amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to: (1) extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed, (2) prohibit plans from allowing the use of credit cards or similar arrangements to access loan amounts, and (3) limit to three the number of loans which a plan participant or beneficiary may take at any time. Requires the Secretary of the Treasury
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Sponsored by: Sen. Michael B. Enzi
Sponsor Introductory Remarks On Measure. (cr S3108) on 05/18/2011
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Energy Savings and Industrial Competitiveness Act of 2011 [S.1000]
[Energy ]
[Manufacturing ]
[Technology and Innovation ]
[Small Business ]
[Construction ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Science ]
[Economic Development ]
[Funding ]
[Grants ]
[Infrastructure ]
[Climate Change ]
Energy Savings and Industrial Competitiveness Act of 2011 - Title I: Buildings - Subtitle A: Building Energy Codes - (Sec. 101) Amends the Energy Conservation and Production Act (ECPA) to direct the Secretary of Energy (DOE) to: (1) support the development and updating of national model building energy codes for residential and commercial buildings; (2) encourage and support the adoption by states, Indian tribes, and local governments of building energy codes that meet or exceed the national codes; and (3) support full compliance with state and
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Sponsored by: Sen. Rob Portman
Committee On Energy And Natural Resources. Reported By Senator Bingaman With An Amendment In The Nature Of A Substitute. With Written Report No. 112-71. on 09/06/2011
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Expressing the sense of the House of Representatives that Congress should cut the United States' true debt burden by reducing home mortgage balances, forgiving student loans, and bringing down overall personal debt. [HR-365]
[Student Loans ]
[Finance ]
[Housing ]
[Budget and Spending ]
[Consumer Protection ]
[Economic Development ]
Expresses the sense of the House of Representatives that: (1) reducing the rate of personal debt is as vital to our economic health as addressing the federal debt and debt limit; and (2) Congress should cut our true debt burden by reducing home mortgage balances, forgiving student loans, and bringing down overall personal debt. Declares that helping U.S. citizens become free of debt to promote personal financial security and to strengthen the nation's economy should be a top priority of the United States.
Sponsored by: Rep. Barbara Lee
Referred To The Committee On Financial Services, And In Addition To The Committee On Education And The Workforce, For A Period To Be Subsequently Determined By The Speaker, In Each Case For Consideration Of Such Provisions As Fall Within The Jurisdiction Of The Committee Concerned. on 07/22/2011
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Encouraging creditors to safeguard the credit scores of members of the Armed Forces and their immediate family in the event of a Government shutdown. [HR-215]
[Defense ]
[Military ]
[Consumer Protection ]
[Veterans ]
[Finance ]
Encourages creditors to safeguard the credit scores of members of the Armed Forces and their immediate family in the event of a lapse in appropriations for the Department of Defense (DOD) as a result of a failure to enact a regular appropriations bill or continuing resolution.
Sponsored by: Rep. Robert J. Wittman
Referred To The House Committee On Financial Services. on 04/08/2011
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Fair Access to Credit Scores Act of 2011 [HB-769]
[Consumer Protection ]
[Finance ]
Fair Access to Credit Scores Act of 2011 - Amends the Fair Credit Reporting Act to require consumer reporting agencies to disclose any information in the consumer's file concerning credit scores or other related risk scores or predictors when the consumer requests a free annual disclosure (credit report). Requires all consumer reporting agencies to maintain information in the consumer's file concerning such scores or predictors for at least one year from the date on which such information is placed in the file. Directs the Comptroller General to
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Sponsored by: Rep. Henry C. Johnson
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 04/04/2011
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Fairness in Lending Act of 2011 [HB-691]
[Consumer Protection ]
[Finance ]
[Housing ]
Fairness in Lending Act of 2011 - Amends the Truth in Lending Act to prohibit credit from being extended in any consumer credit transaction in which a security interest will be retained or acquired in property located within the United States which will be used as the consumer's principal residence if such consumer lacks a Social Security account number.
Sponsored by: Rep. Mo Brooks
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 03/23/2011
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Fair Debt Collection Practices Technical Correction Act of 2012 [HB-6706]
[Consumer Protection ]
[Finance ]
[Law Enforcement ]
Fair Debt Collection Practices Technical Correction Act of 2012 - Amends the Fair Debt Collection Practices Act to exclude from the definition of "debt collector" any law firm or licensed attorney: (1) serving, filing, or conveying formal legal pleadings, discovery requests, or other documents pursuant to the applicable rules of civil procedure; or (2) communicating in, or at the direction of, a court of law or in depositions or settlement conferences, in connection with a pending legal action to collect a debt on behalf of a client.
Sponsored by: Rep. Walter B. Jones
Referred To The House Committee On Financial Services. on 12/27/2012
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Financial Consumers Association Act of 2012 [HB-6667]
[Consumer Protection ]
[Finance ]
[Nonprofit ]
[Senior Citizens ]
[Funding ]
Financial Consumers Association Act of 2012 - Authorizes the establishment of, and sets forth operational requirements for, a nonprofit corporation to be known as the Financial Consumers Association whose mission shall be to advance the rights and remedies available to consumers with respect to financial services, by developing initiatives to reduce the use of dangerous features in financial products and services, and to improve the flow of accurate information to consumers. Includes among the Association's duties to: (1) represent and promote the
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Sponsored by: Rep. Dennis J. Kucinich
Referred To The House Committee On Financial Services. on 12/13/2012
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SAFE Lending Act of 2012 [HB-6483]
[Consumer Protection ]
[Finance ]
[Technology and Innovation ]
[Data Privacy ]
[Law Enforcement ]
[Native American Affairs ]
[Crime ]
Stopping Abuse and Fraud in Electronic Lending Act of 2012 or SAFE Lending Act of 2012 - Amends the Electronic Fund Transfer Act to authorize the issuance of remotely created checks only if the consumer has designated in writing a person to issue them. Defines a "remotely created check" as one that: (1) is not created by the financial institution that holds the customer account from which the check is to be paid; and (2) does not bear a signature applied, or purported to be applied, by the person from whose account the check is to be paid. Treats
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 10/23/2012
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Rebuilding Equity Act of 2012 [HB-6467]
[Housing ]
[Real Estate ]
[Finance ]
[Consumer Protection ]
Rebuilding Equity Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for eligible borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, under which the GSEs shall pay up to $1,000 of the closing costs associated with applying for and receiving refinancing when the borrower agrees to refinance a 30-year mortgage loan into a fully amortizing loan
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Sponsored by: Rep. James R. Langevin
Referred To The Subcommittee On Capital Markets And Government Sponsored Enterprises. on 10/23/2012
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Credit Access and Inclusion Act [HB-6363]
[Consumer Protection ]
[Data Privacy ]
[Housing ]
Credit Access and Inclusion Act - Amends the Fair Credit Reporting Act, with respect to the responsibilities of furnishers of information to consumer reporting agencies, to declare that nothing in the Act or related regulations shall be construed as to prohibit a person from furnishing to a consumer reporting agency certain consumer identifying information, including: (1) consumer's full name, telephone number, mother's maiden name, address, zip code, date of birth, any generational designation, or Social Security number; (2) transactions or experiences
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Sponsored by: Rep. Michael E. Capuano
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 10/01/2012
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Protect and Save Act of 2012 [HB-6205]
[Taxes ]
[Crime ]
[Data Privacy ]
[Cybersecurity ]
Protect and Save Act of 2012 - Amends the Internal Revenue Code to: (1) authorize the Secretary of the Treasury to disclose tax return information to federal and state law enforcement agencies to assist in the investigation of the misuse of the identity of another person for purposes of filing a false or fraudulent tax return, (2) direct the Commissioner of Internal Revenue to establish within the Criminal Investigation Division of the Internal Revenue Service (IRS) the position of Local Law Enforcement Liaison to coordinate the investigation of
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Sponsored by: Rep. Richard Nugent
Referred To The House Committee On Ways And Means. on 07/26/2012
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Cyber Privacy Fortification Act of 2012 [HB-6183]
[Cybersecurity ]
[Data Privacy ]
[Technology and Innovation ]
[Law Enforcement ]
[National Security ]
[Public Safety ]
Cyber Privacy Fortification Act of 2012 - Amends the federal criminal code to provide criminal penalties for intentional failures to provide required notices of a security breach involving sensitive personally identifiable information. Defines "sensitive personally identifiable information" to mean specified electronic or digital information. Defines "security breach" as a compromise of the security, confidentiality, or integrity of computerized data that there is reason to believe has resulted in improper access to sensitive personally identifiable
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Sponsored by: Rep. Henry C. Johnson
Referred To The Subcommittee On Crime, Terrorism, And Homeland Security. on 08/01/2012
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Consumer Credit Access, Innovation, and Modernization Act [HB-6139]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Technology and Innovation ]
[Economic Development ]
Consumer Credit Access, Innovation, and Modernization Act - Directs the Comptroller of the Currency to charter qualified nondepository creditors known as National Consumer Credit Corporations (Credit Corporations) to offer financial products or services. Requires a qualified nondepository creditor seeking a federal charter to submit an application which includes in part: (1) a business plan for at least a three-year period with its primary business activities serving underserved consumers and small businesses; (2) a market demand forecast, the
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Sponsored by: Rep. Gregory W. Meeks
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 10/01/2012
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To amend the Fair Credit Reporting Act to prohibit the use of consumer reports and consumer information in making any determination involving auto insurance with respect to a consumer, and for other purposes. [HB-6129]
[Consumer Protection ]
[Insurance ]
[Transportation and Motor Vehicles ]
Ban the Use of Credit Scores in Auto Insurance Act - Amends the Fair Credit Reporting Act to prohibit: (1) a consumer reporting agency from furnishing a consumer report or consumer information to any person for use in making a decision to underwrite or rate auto insurance, and (2) any person from either using or obtaining a consumer report or consumer information in connection with the underwriting or rating of any consumer regarding an auto insurance transaction. Exempts from this ban property loss data regarding auto insurance as well as information
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Sponsored by: Rep. Bennie G. Thompson
Referred To The Subcommittee On Insurance, Housing And Community Opportunity. on 07/31/2012