HR 6625 · 115th Congress 2017–2019, ended

To amend the Truth in Lending Act to modify the definition of credit sale.

Introduced Jul 26, 2018 Originated House Sponsor Pete Sessions R-TX

Latest action · Jul 26, 2018 Referred to the House Committee on Financial Services.

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.

IntroducedJul 26, 2018
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

This bill amends the Truth in Lending Act to specify which contracts are considered a "credit sale" for the purposes of that Act.

Cosponsors 3

Members who signed on, in the order they did. Signatures ran from Sep 13, 2018 to Oct 9, 2018.

Seat	Cosponsor	Signed on
D-FL	Alcee L. Hastings	Sep 13, 2018
R-MO	Blaine Luetkemeyer	Sep 26, 2018
R-TX	Sam Johnson	Oct 9, 2018

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 Jul 26, 2018

Actions 2

Everything that happened, newest first.

Jul 26, 2018Introduced in House
Jul 26, 2018Referred 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.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power ``to regulate commerce with foreign nations, and among the several states, and with the Indian tribes.''

The sponsor’s statement, as printed in the Congressional Record, vol. 164, no. 126, July 26, 2018, page H7727.

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend the Truth in Lending Act to modify the definition of credit sale.

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

Jul 26, 2018Introduced in House

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

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.