S.3143: WAGE Act

About This Bill

  • Introduced July 7, 2016
  • Latest Major Action July 7, 2016

Bill Summary

Wage and Garnishment Equity Act of 2016 or the WAGE Act This bill amends the Consumer Credit Protection Act to define "assignment" (of wages and earnings) to exclude payroll deductions or preauthorized payment plans and any assignment applicable only to earnings already earned. The bill adjusts the maximum part of a person's aggregate disposable earnings for any workweek that is subject to garnishment or assignment. Such amount shall not...

(Source: Library of Congress)

Bill Actions

Date Description
July 7, 2016
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
July 7, 2016

Introduced in the Senate by Jeff Merkley (D-Ore.)

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