3.0.0 1643 2019-11-15T21:33:21Z 2022-02-08T17:27:15Z House H HR 2005-04-14 109 hsju00 Judiciary Committee House Standing hsju09 Commercial and Administrative Law Subcommittee Referred to 2005-07-01T20:30:55Z Referred to 2005-04-14T13:58:20Z hsba00 Financial Services Committee House Standing Referred to 2005-04-14T13:58:15Z Promote Responsibility by Improving Development Education Act of 2006 109 4866 HR 2006-05-01 Referred to the Subcommittee on Education Reform. Related bill CRS 2005-07-01 hsju09 Commercial and Administrative Law Subcommittee 1 House committee actions Referred to the Subcommittee on Commercial and Administrative Law. Committee 2005-04-14 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2005-04-14 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-04-14 Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2005-04-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-04-14 Introduced in House IntroReferral 1000 9 Library of Congress F000262 Rep. Ford, Harold E., Jr. [D-TN-9] HAROLD FORD D TN E. 9 N Finance and Financial Sector Administrative procedure Alternative dispute resolution Bank loans Bankruptcy Checks Civil actions and liability Claims Collection of accounts Commerce Commercial arbitration Congress Congressional reporting requirements Consumer credit Consumer education Consumer protection Contracts Counseling Credit unions Debtor and creditor Department of the Treasury Economics and Public Finance Education Electronic funds transfers Elementary and secondary education Employee benefit plans Employee ownership Executive reorganization Federal Reserve System Federal aid to education Federal officials Federal preemption Federal-state relations Finance charges Financial planning Financial services Financial statements Government Operations and Politics Housing and Community Development Interest Interest rates Labor and Employment Law Loans Mortgages Pension funds Personal budgets Science, Technology, Communications Social Welfare State constitutions State laws Usury Wages Finance and Financial Sector 00 2005-04-14 Introduced in House 2005-06-06T21:07:53Z Borrower's Bill of Rights Act - Amends Federal law to create the position of Assistant Secretary for Financial Education in the Department of the Treasury.

Amends the Financial Literacy and Education Improvement Act to direct such Secretary to establish a two-year financial literacy pilot program for middle and high school students.

Amends the Truth in Lending Act to require that mandatory disclosures governing a consumer credit transaction be simple, easy to understand, and in a language understood by the consumer.

Amends the Depository Institutions Deregulation and Monetary Control Act of 1980 to repeal the preemption of state mortgage usury laws.

Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to provide that the constitution or the laws of any state expressly limiting the rate or amount of interest, discount points, finance charges, or other charges shall apply to all depository institutions and credit unions, respectively, that are located in, have any branch in, or do business in such state with respect to customers which reside in or are located in such state.

Amends the Truth in Lending Act to: (1) prohibit "flipping" practices and mandatory arbitration; (2) lower the interest rate threshold for high-cost mortgages; and (3) require creditors to receive certification that a consumer has successfully completed pre-loan counseling before extending the consumer credit under a high-cost mortgage. Sets limits governing rollovers or refinancing of payday loans with the same creditor.

Amends the Federal bankruptcy code to: (1) include within the fourth order of priority of claims against the estate the rights or interests in debtor's equity securities that are held in a pension plan; (2) increase the employee earnings and benefits included within such fourth order of priority; and (3) exempt such employee pension benefits from subordination agreement constraints.

]]> Borrower's Bill of Rights Act Short Titles as Introduced Borrower's Bill of Rights Act Display Title Borrower's Bill of Rights Act Official Title as Introduced To amend various banking laws to combat predatory lending, particularly in regards to low and moderate income individuals, and for other purposes. Introduced in House 2005-04-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr1643ih/xml/BILLS-109hr1643ih.xml 2005-07-01 Referred to the Subcommittee on Commercial and Administrative Law. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.