3.0.0 6149 2023-01-11T13:21:35Z 2023-01-11T13:21:35Z House H HR 2010-09-16 111 hsif00 Energy and Commerce Committee House Standing Referred to 2010-09-16T14:06:00Z 2010-09-16 Referred to the House Committee on Energy and Commerce. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2010-09-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-09-16 Introduced in House IntroReferral 1000 9 Library of Congress W000792 Rep. Weiner, Anthony D. [D-NY-9] ANTHONY WEINER D NY D. 9 N Commerce Administrative law and regulatory procedures Civil actions and liability Consumer affairs Federal Trade Commission (FTC) Financial services and investments Metals User charges and fees Commerce 00 2010-09-16 Introduced in House 2010-12-22T18:47:49Z Coin and Precious Metal Disclosure Act - Requires a coin or precious metal dealer to disclose clearly and conspicuously in writing to the consumer before any sale of coins (including gold coins) or precious metal bullion: (1) any fee incurred by the customer upon sale consummation; and (2) the purchase price, the melt value, and the reasonable resale value of the coin or precious metal bullion.

Requires telephone sales solicitations for such coins or precious metal bullion to disclose the same information before the transaction is consummated.

Treats a violation of this Act as an unfair or deceptive act or practice in violation of the Federal Trade Commission Act, and subject to penalties.

Directs the Federal Trade Commission (FTC) to enforce this Act as though the Federal Trade Commission Act applies.

Empowers states to enforce compliance with this Act, but entitles the FTC, upon notice of a state civil action, to intervene and be heard on all matters arising in it, remove it to the appropriate federal district court, and file petitions for appeal.

Exempts from this Act the sale of rare and collectable coins whose: (1) precious metal content constitutes only a limited or insignificant portion of the overall value of the coin; and (2) value is not affected by the increase or decline in the value of such precious metals.

]]> Coin and Precious Metal Disclosure Act Display Title Coin and Precious Metal Disclosure Act Official Title as Introduced To require disclosures to consumers by coin and precious metal bullion dealers. Introduced in House IH Short Titles as Introduced Coin and Precious Metal Disclosure Act Introduced in House 2010-09-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6149ih/xml/BILLS-111hr6149ih.xml 2010-09-16 Referred to the House Committee on Energy and Commerce. 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.