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Searching...- Bills
- H.R.1701
H.R.1701: Consumer Rental Purchase Agreement Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about law
- Introduced May 3, 2001
- Latest Major Action Sept. 19, 2002
- See the nine similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
84 (30 Democrats, 1 Independent, 54 Republicans)
Bill Summary
Consumer Rental Purchase Agreement Act - (Sec. 3) Amends the Consumer Credit Protection Act to mandate that a rental-purchase agreement contain clear and conspicuous disclosures signed by the consumer before the agreement is consummated, including the following: (1) a separate identification of fees, charges, or penalties; (2) a statement that the transaction is a rental-purchase agreement and that the consumer will not obtain ownership of the...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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Subcommittee Hearings Held.
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Subcommittee Consideration and Mark-up Session Held.
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Subcommittee Consideration and Mark-up Session Held.
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Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 24 - 4.
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Committee Consideration and Mark-up Session Held.
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Committee Consideration and Mark-up Session Held.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 9.
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Reported (Amended) by the Committee on 107-590, Part I.
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Referred sequentially to the House Committee on the Judiciary for a period ending not later than Sept. 9, 2002 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(K), rule X.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by the Yeas and Nays: 14 - 12.
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Reported (Amended) by the Committee on Judiciary. H. Rept. 107-590, Part II.
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Placed on the Union Calendar, Calendar No. 396.
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Rules Committee Resolution H. Res. 528 Reported to House. Rule provides for consideration of H.R. 1701 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
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Rule H. Res. 528 passed House.
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Considered under the provisions of rule H. Res. 528.
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Rule provides for consideration of H.R. 1701 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
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House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 528 and Rule XXIII.
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The Speaker designated the Honorable Johnny Isakson to act as Chairman of the Committee.
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GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1701.
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DEBATE - Pursuant to the provisions of H. Res. 528, the Committee proceeded with 20 minutes of debate on the amendment offered by Mr. LaFalce.
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POSTPONED VOTE - At the conclusion of debate the Chair put the question on the adoption of the LaFalce amendment and by voice vote, the Chair announced that the noes had prevailed. Mr. LaFalce demanded a recorded vote and the Chair postponed further proceedings on the amendment.
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DEBATE - Pursuant to the provisions of H. Res. 528, the Committee proceeded with 20 minutes of debate on the amendment offered by Ms. Waters.
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POSTPONED VOTE - At the conclusion of debate the Chair put the question on the adoption of the Waters amendment and by voice vote, the Chair announced that the noes had prevailed. Mrs. Waters demanded a recorded vote and the Chair postponed further proceedings on the amendment.
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UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
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The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1701.
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The previous question was ordered pursuant to the rule.
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Ms. Waters moved to recommit with instructions to Financial Services.
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Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Waters motion to recommit with instructions.
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The previous question on the motion to recommit with instructions was ordered without objection.
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On motion to recommit with instructions Failed by recorded vote: 190 - 227 (Roll no. 394).
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On passage Passed by recorded vote: 215 - 201, 1 Present (Roll no. 395).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| May 3, 2001 |
Introduced in the House by Walter B. Jones (R-N.C.) |