Consumer Rental Purchase Agreement Act
Latest action · Jun 8, 2007 Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 29, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Consumer Rental Purchase Agreement Act - Amends the Consumer Credit Protection Act to prescribe consumer protection guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost; (2) disclosure requirements; (3) prohibitions against confessions of judgment, wage assignments, and waiver of consumer claims or defenses; (4) furnishing of statements of account; (5) point-of-rental disclosures; and (6) rental-purchase advertising disclosures.
Declares that an action for civil liability may be brought against a merchant's assignee only if the violation is apparent on the face of a rental-purchase agreement to which it relates, including, but not limited to, a disclosure that can be determined to be incomplete or inaccurate from the face of the agreement.
Authorizes the Board of Governors of the Federal Reserve System to promulgate implementing regulations.
Grants enforcement powers to the Federal Trade Commission and to state attorneys general.
Subjects to criminal penalties any willful and knowing violation of the information disclosure requirements of this Act.
Cosponsors 99
Members who signed on, in the order they did. Signatures ran from Mar 29, 2007 to Sep 29, 2008; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Gregory W. Meeks | Original | Mar 29, 2007 |
| R-MO | Jo Ann Emerson | Original | Mar 29, 2007 |
| D-AR | Mike Ross | Original | Mar 29, 2007 |
| R-NC | Walter B. Jones | Original | Mar 29, 2007 |
| R-FL | Adam H. Putnam | Apr 19, 2007 | |
| D-FL | Alcee L. Hastings | Apr 19, 2007 | |
| D-CA | Brad Sherman | Apr 19, 2007 | |
| D-OR | Darlene Hooley | Apr 19, 2007 | |
| D-NC | David E. Price | Apr 19, 2007 | |
| D-KS | Dennis Moore | Apr 19, 2007 | |
| D-TX | Eddie Bernice Johnson | Apr 19, 2007 | |
| D-NY | Edolphus Towns | Apr 19, 2007 | |
| R-TX | Jeb Hensarling | Apr 19, 2007 | |
| R-MO | Kenny C. Hulshof | Apr 19, 2007 | |
| R-NE | Lee Terry | Apr 19, 2007 | |
| R-TX | Michael C. Burgess | Apr 19, 2007 | |
| R-IL | Ray LaHood | Apr 19, 2007 | |
| R-VA | Virgil H. Goode Jr. | Apr 19, 2007 | |
| R-TN | Zach Wamp | Apr 19, 2007 | |
| D-MO | Emanuel Cleaver | Apr 25, 2007 | |
| D-MO | Ike Skelton | Apr 25, 2007 | |
| R-AL | Jo Bonner | Apr 25, 2007 | |
| R-CA | Ken Calvert | Apr 25, 2007 | |
| D-TX | Solomon P. Ortiz | Apr 25, 2007 | |
| R-VA | Thelma D. Drake | Apr 25, 2007 | |
| D-OK | Dan Boren | May 1, 2007 | |
| R-TX | Michael T. McCaul | May 1, 2007 | |
| R-TX | Sam Johnson | May 1, 2007 | |
| D-SD | Stephanie Herseth Sandlin | May 1, 2007 | |
| R-NC | Sue Wilkins Myrick | May 1, 2007 | |
| D-GA | David Scott | May 8, 2007 | |
| R-NC | Howard Coble | May 8, 2007 | |
| R-WV | Shelley Moore Capito | May 8, 2007 | |
| R-KS | Todd Tiahrt | May 8, 2007 | |
| R-MI | Fred Upton | Jun 14, 2007 | |
| R-TX | Kenny Marchant | Jun 14, 2007 | |
| R-TX | Louie Gohmert | Jun 14, 2007 | |
| D-KS | Nancy E. Boyda | Jun 14, 2007 | |
| R-TX | Randy Neugebauer | Jun 14, 2007 | |
| D-GA | Henry C. "Hank" Johnson, Jr. | Jun 15, 2007 | |
| D-AR | Marion Berry | Jun 21, 2007 | |
| R-VA | Bob Goodlatte | Jun 27, 2007 | |
| R-NC | Virginia Foxx | Jun 27, 2007 | |
| R-CA | Devin Nunes | Jul 11, 2007 | |
| R-TX | Pete Sessions | Jul 12, 2007 | |
| R-OH | Jim Jordan | Jul 30, 2007 | |
| R-TX | Ralph M. Hall | Jul 30, 2007 | |
| D-GA | Sanford D. Bishop, Jr. | Jul 30, 2007 | |
| R-AL | Spencer Bachus | Aug 1, 2007 | |
| D-NC | Bob Etheridge | Aug 2, 2007 | |
| D-MS | Gene Taylor | Aug 3, 2007 | |
| R-IL | John Shimkus | Aug 3, 2007 | |
| R-WA | Cathy McMorris Rodgers | Sep 7, 2007 | |
| R-TN | Marsha Blackburn | Sep 7, 2007 | |
| R-FL | Tom Feeney | Sep 7, 2007 | |
| R-KS | Jerry Moran | Sep 18, 2007 | |
| R-NC | Robin Hayes | Sep 18, 2007 | |
| D-NY | Yvette D. Clarke | Oct 10, 2007 | |
| D-NC | Mike McIntyre | Oct 12, 2007 | |
| D-OH | Zachary T. Space | Oct 15, 2007 | |
| R-MS | Roger F. Wicker | Oct 25, 2007 | |
| D-PA | Tim Holden | Dec 6, 2007 | |
| R-MO | Sam Graves | Feb 13, 2008 | |
| R-MO | W. Todd Akin | Feb 13, 2008 | |
| R-AL | Robert B. Aderholt | Feb 14, 2008 | |
| R-IA | Steve King | Feb 14, 2008 | |
| R-OH | Steven C. LaTourette | Feb 14, 2008 | |
| R-TN | John J. Duncan, Jr. | Feb 19, 2008 | |
| R-NE | Adrian Smith | Feb 28, 2008 | |
| R-AR | John Boozman | Feb 28, 2008 | |
| R-TX | K. Michael Conaway | Feb 28, 2008 | |
| D-IA | Leonard L. Boswell | Feb 28, 2008 | |
| R-GA | Lynn A. Westmoreland | Feb 28, 2008 | |
| R-AL | Mike Rogers | Feb 28, 2008 | |
| R-PA | Todd Russell Platts | Feb 28, 2008 | |
| D-IN | Baron P. Hill | Mar 4, 2008 | |
| R-PA | Bill Shuster | Mar 4, 2008 | |
| R-FL | Ginny Brown-Waite | Mar 4, 2008 | |
| R-TN | David Davis | Mar 6, 2008 | |
| D-NY | Michael A. Arcuri | Mar 6, 2008 | |
| R-PA | Phil English | Mar 6, 2008 | |
| R-IA | Tom Latham | Mar 13, 2008 | |
| R-TX | Lamar Smith | Apr 8, 2008 | |
| R-KY | Ron Lewis | Apr 8, 2008 | |
| D-TX | Henry Cuellar | Apr 10, 2008 | |
| R-IL | Mark Kirk | Apr 10, 2008 | |
| D-IL | Danny K. Davis | May 6, 2008 | |
| R-MN | Michele Bachmann | May 6, 2008 | |
| R-IL | Timothy V. Johnson | May 6, 2008 | |
| R-PA | Charles W. Dent | May 20, 2008 | |
| D-PA | Paul E. Kanjorski | Jun 25, 2008 | |
| R-MS | Charles W. "Chip" Pickering | Jul 10, 2008 | |
| D-IL | Jerry F. Costello | Jul 10, 2008 | |
| R-TX | Kay Granger | Jul 15, 2008 | |
| R-VA | J. Randy Forbes | Sep 16, 2008 | |
| R-GA | John Linder | Sep 16, 2008 | |
| D-TX | Nick Lampson | Sep 16, 2008 | |
| R-LA | Jim McCrery | Sep 17, 2008 | |
| R-CA | Edward R. Royce | Sep 29, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 29, 2007 |
| Consumer Protection and Financial Institutions Subcommittee | Referred Jun 8, 2007 |
Actions 3
Everything that happened, newest first.
- Jun 8, 2007Referred to the Subcommittee on Financial Institutions and Consumer Credit.
- Mar 29, 2007Introduced in House
- Mar 29, 2007Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 110-34 | PROPOSALS FOR REDUCING POVERTY157 pages | Ways and Means Committee | Apr 26, 2007 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1012 | Consumer Rental-Purchase Agreement Act of 2007 | Related bill | Mar 28, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Consumer Credit Protection Act to assure meaningful disclosures of the terms of rental-purchase agreements, including disclosures of all costs to consumers under such agreements, to provide certain substantive rights to consumers under such agreements, and for other purposes.
- Short Titles as Introduced
- Consumer Rental Purchase Agreement Act
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Administrative procedure
- Advertising
- Business records
- Civil actions and liability
- Commerce
- Consumer credit
- Consumer education
- Consumer protection
- Contracts
- Crime and Law Enforcement
- Criminal liability
- Damages
- Deceptive advertising
- District courts
- Evidence (Law)
- Federal preemption
- Federal Reserve System
- Federal Trade Commission
- Fees
- Finance and Financial Sector
- Financial statements
- Fines (Penalties)
- Fraud
- Garnishment
- Government liability
- Government Operations and Politics
- Government paperwork
- Independent regulatory commissions
- Injunctions
- Insurance premiums
- Labeling
- Labor and Employment
- Law
- Lease and rental services
- Leases
- Liability (Law)
- Liability insurance
- Limitation of actions
- Maintenance and repair
- Negotiable instruments
- Parties to actions
- Prices
- Property insurance
- Rent
- Restrictive trade practices
- Small business
- State laws
- Surety and fidelity
- Taxation
- Warranties
Text 1
Each version as it was printed, newest first.
- Mar 29, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
