H.R. 4501, Guarantee of a Legitimate Deal Act of 2010

3.0.0 4501 2023-01-11T13:16:44Z 2023-01-11T13:16:44Z House H HR 2010-01-21 111 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2010-12-09T17:55:45Z hsif00 Energy and Commerce Committee House Standing hsif17 Innovation, Data, and Commerce Subcommittee Reported by 2010-06-30T16:33:34Z Markup by 2010-06-30T16:33:22Z Hearings by 2010-05-13T14:00:57Z Referred to 2010-01-22T14:59:50Z Reported by 2010-12-07T22:28:12Z Markup by 2010-07-15T17:54:00Z Referred to 2010-01-21T15:02:48Z H. Rept. 111-673 2010-12-09 sscm00 Commerce, Science, and Transportation Committee Senate Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2010-12-08 16:09:07 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2010-12-08 16:09:04 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 324 - 81 (Roll no. 620). (text: CR H8105-8106) Floor H37300 2 House floor actions 620 https://clerk.house.gov/evs/2010/roll620.xml House 111 2010-12-08T21:09:04Z 2 2010-12-08 16:09:04 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 324 - 81 (Roll no. 620).(text: CR H8105-8106) Floor 8000 9 Library of Congress 620 https://clerk.house.gov/evs/2010/roll620.xml House 111 2010-12-08T21:09:04Z 2 2010-12-08 16:02:38 Considered as unfinished business. (consideration: CR H8151) Floor H30000 2 House floor actions 2010-12-08 11:30:19 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2010-12-08 11:23:10 DEBATE - The House proceeded with forty minutes of debate on H.R. 4501. Floor H8D000 2 House floor actions 2010-12-08 11:23:05 Considered under suspension of the rules. (consideration: CR H8105-8107) Floor H30000 2 House floor actions 2010-12-08 11:23:00 Mr. Weiner moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2010-12-07 Placed on the Union Calendar, Calendar No. 402. Calendars H12410 2 House floor actions U00402 2010-12-07 Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 111-673. Committee H12200 2 House floor actions hsif00 Energy and Commerce Committee 2010-12-07 Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 111-673. Committee 5000 9 Library of Congress hsif00 Energy and Commerce Committee 2010-07-15 hsif00 Energy and Commerce Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2010-07-15 hsif00 Energy and Commerce Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2010-06-30 hsif17 Innovation, Data, and Commerce Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote . Committee 2010-06-30 hsif17 Innovation, Data, and Commerce Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2010-05-13 hsif17 Innovation, Data, and Commerce Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2010-01-22 hsif17 Innovation, Data, and Commerce Subcommittee 1 House committee actions Referred to the Subcommittee on Commerce, Trade and Consumer Protection. Committee 2010-01-21 Referred to the House Committee on Energy and Commerce. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2010-01-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-01-21 Introduced in House IntroReferral 1000 9 Library of Congress W000792 Rep. Weiner, Anthony D. [D-NY-9] ANTHONY WEINER D NY D. 9 N 2010-09-02T04:00:00Z H.R. 4501, Guarantee of a Legitimate Deal Act of 2010 http://www.cbo.gov/publication/21814 <p>Cost estimate for the bill as ordered by the Committee on Energy and Commerce on July 15, 2010</p> 2010-09-02T04:00:00Z H.R. 4501, Guarantee of a Legitimate Deal Act of 2010 https://www.cbo.gov/publication/21814 Cost estimate for the bill as ordered by the Committee on Energy and Commerce on July 15, 2010 Commerce Consumer affairs Internet and video services Internet, web applications, social media Metals Commerce

00 2010-01-21 Introduced in House 2010-04-12T18:39:43Z Guarantee of a Legitimate Deal Act of 2009 - Defines an "online purchaser of precious metals" as a person who is in the business of purchasing jewelry or other precious metals directly from consumers and maintains a website through which such person solicits such transactions.

Makes it unlawful for any online purchaser of precious metals to: (1) refine or otherwise permanently destroy an item of jewelry or precious metal before receiving an affirmative acceptance of such purchaser's offer from the consumer to whom the offer was made; (2) fail to promptly return to the consumer any jewelry or other precious metal if the consumer declines the purchase offer; or (3) fail to insure any shipment in an amount equal to either 60% of the melt value or the amount the consumer insured the shipment for.

Treats a violation of this Act as an unfair and deceptive act or practice under the Federal Trade Commission Act. Requires the Federal Trade Commission (FTC) to enforce this Act as though all applicable terms and provisions of that Act were incorporated into and made a part of this Act.

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36 2010-12-08 Passed House amended 2011-01-29T16:30:00Z Guarantee of a Legitimate Deal Act of 2010 - Prohibits any purchaser of precious metals from: (1) selling, transfering to a third party, or refining through melting or otherwise permanently destroying an item of jewelry or precious metal before the purchaser has received an affirmative acceptance of an offer to purchase the item from the consumer at a specific price; (2) failing to promptly return any jewelry or other precious metal if the consumer declines the offer; or (3) failing to adequately insure any return shipment. Exempts a sale or transfer to law enforcement agencies.

Deems a violation of this Act as an unfair or deceptive act or practice under the Federal Trade Commission Act. Gives the Federal Trade Commission (FTC) authority to enforce these provisions.

Makes this Act effective 60 days after enactment.

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Guarantee of a Legitimate Deal Act of 2010 Display Title Guarantee of a Legitimate Deal Act of 2010 Official Title as Introduced To require certain return policies from businesses that purchase precious metals from consumers and solicit such transactions through an Internet website. Introduced in House IH Short Titles as Introduced Guarantee of a Legitimate Deal Act of 2009 Short Titles as Reported to House Guarantee of a Legitimate Deal Act of 2010 H House Short Titles as Passed House Guarantee of a Legitimate Deal Act of 2010 H House Referred in Senate 2010-12-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4501rfs/xml/BILLS-111hr4501rfs.xml Engrossed in House 2010-12-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4501eh/xml/BILLS-111hr4501eh.xml Reported in House 2010-12-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4501rh/xml/BILLS-111hr4501rh.xml Introduced in House 2010-01-21T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4501ih/xml/BILLS-111hr4501ih.xml 2010-12-09 Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation. 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.