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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
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

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)

Bill Actions

Date Description
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