Ask AI
Bill116th CongressFiled Sep 19, 2019Finance and Financial Sector
H.R. 4403

Stop Debt Collection Abuse Act of 2019

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to house (Dec 15, 2020)

Stop Debt Collection Abuse Act of 2019

This bill applies certain consumer protections regarding debt collection to debt owed to a federal agency and to debt buyers.

A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation becomes delinquent or defaults. Specified notice to the consumer of such a sale or transfer is required.

A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected.

The Government Accountability Office must report on the use of debt collectors by federal, state, and local government agencies.

What just happenedDec 15, 2020

Placed on the Union Calendar, Calendar No. 538.

Who’s behind it

Rep. Cleaver, Emanuel [D-MO-5](D-MO)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors1committees9actions1related bills7subjects
  1. Dec 15, 2020CalendarsH12410

    Placed on the Union Calendar, Calendar No. 538.

  2. Dec 15, 2020CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-654.

    Financial Services Committee
  3. Dec 15, 2020Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-654.

    Financial Services Committee
  4. Nov 14, 2019Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.

    Financial Services Committee
  5. Nov 14, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Nov 13, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  7. Sep 19, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  8. Sep 19, 2019IntroReferralIntro-H

    Introduced in House

  9. Sep 19, 2019IntroReferral1000

    Introduced in House

Reported to HouseDec 15, 20207

Stop Debt Collection Abuse Act of 2019

This bill applies certain consumer protections regarding debt collection to debt owed to a federal agency and to debt buyers.

A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation becomes delinquent or defaults. Specified notice to the consumer of such a sale or transfer is required.

A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected.

The Government Accountability Office must report on the use of debt collectors by federal, state, and local government agencies.

Introduced in HouseSep 19, 2019

Stop Debt Collection Abuse Act of 2019

This bill applies certain consumer protections regarding debt collection to debt owed to a federal agency and to debt buyers.

A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation becomes delinquent or defaults. Specified notice to the consumer of such a sale or transfer is required.

A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected.

The Government Accountability Office must report on the use of debt collectors by federal, state, and local government agencies.

Stop Debt Collection Abuse Act of 2019 — Informed