H.R.4337: Gambling Credit Reform Act

About This Bill

  • This bill was introduced in the 104th Congress
  • This bill is primarily about finance and financial sector
  • Introduced Oct. 1, 1996
  • Latest Major Action Oct. 1, 1996

Bill Summary

Gambling Credit Reform Act - Amends the Truth in Lending Act to prohibit any creditor from extending any credit to any consumer under any open end consumer credit plan if the creditor knows or has reason to believe that the proceeds of such extension of credit are being used or will be used by the consumer to make any form of wager or bet, to play any game of chance, to use any gambling device, or to otherwise participate in gambling at any...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Oct. 1, 1996

Introduced in the House by John J. LaFalce (D-N.Y.)

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