Amendment provides that the U.S. trustee or bankruptcy administrator can only approve credit counseling agencies which satisfy standards set in regulations promulgated by the FTC and are credited by the Council of Accreditation or equivalent third-party nonprofit accrediting organization.

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Amendment Number
59
Description
Amendment provides that the U.S. trustee or bankruptcy administrator can only approve credit counseling agencies which satisfy standards set in regulations promulgated by the FTC and are credited by the Council of Accreditation or equivalent third-party nonprofit accrediting organization.
Purpose
An amendment to require the Federal Trade Commission to set standards for the United States Trustees to use in approving credit counseling agencies, counselors, and related programs and courses of instruction.
Congress
106
Type
HAMDT
Latest Action Date
May 5, 1999
Latest Action Text
On agreeing to the Dooley amendment (A006) Agreed to by voice vote.
Latest Action Time
14:44:22
Submitted Date
May 5, 1999
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 59 — Informed