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H.R.3310: ASSURE Act of 2013
About this Bill
|This bill was introduced in the||113th Congress|
|This bill is primarily about||finance and financial sector|
|You can||read the bill|
|Sponsor||Matt Cartwright, D-Pa.|
|Total Cosponsors||54 (All Democrats)|
|Introduced||Oct. 23, 2013|
|Latest Major Action||Feb. 3, 2014|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the House
- Bill passed in the House
- Bill passed in the Senate
- Bill signed into law
Annuity Safety and Security Under Reasonable Enforcement Act of 2013 or the ASSURE Act of 2013 - Amends the Truth in Lending Act to direct the Bureau of Consumer Financial Protection (CFPB) to issue regulations requiring any payment to a recipient of a federal or military pension (a benefit recipient) that diminishes the benefit recipient's ability to control payments from such pension to be treated as an extension of credit.
Requires financial institutions to include the terms of such credit in consumer information disclosures.
Prohibits the annual percentage rate of interest on such arrangements from exceeding the federal funds rate plus 6% or an equivalent aggregate amount of cash and property.
Specifies conditions under which payment of consideration in exchange for the retired pay of enlisted military members is prohibited from assignment under veterans' benefits laws.
Prohibits individuals from making allotments or assignments from annuities und...
(Source: Congressional Research Service)
|Feb. 3, 2014||Referred to the Subcommittee on Disability Assistance and Memorial Affairs.|
|Jan. 24, 2014||Referred to the Subcommittee on Military Personnel.|
|Nov. 4, 2013||Referred to the Subcommittee on Economic Opportunity.|
|Oct. 23, 2013||Referred to House Oversight and Government Reform|
|Oct. 23, 2013||Referred to House Armed Services|
|Oct. 23, 2013||Referred to House Veterans' Affairs|
|Oct. 23, 2013||Referred to House Financial Services|