H.R.5507: Truth in Lending Inflation Adjustment Act

About This Bill

  • This bill was introduced in the 107th Congress
  • This bill is primarily about economics and public finance
  • Introduced Oct. 1, 2002
  • Latest Major Action Oct. 8, 2002

Bill Summary

Truth in Lending Inflation Adjustment Act - Amends the Consumer Credit Protection Act to increase from $25,000 to $75,000 the maximum amount of a non-mortgage credit or consumer lease transaction to which consumer credit cost information and disclosure requirements apply.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Mr. Bachus moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate on H.R. 5507.
On motion to suspend the rules and pass the bill Agreed to by voice vote.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Oct. 1, 2002

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

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