3.0.0 1588 2022-03-02T16:39:41Z 2022-03-02T16:39:41Z House H HR 2011-04-15 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CANSECO:H.R. 1588.Congress has the power to enact this legislation pursuantto the following:The bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 3 of the UnitedStates Constitution.[Page H2914]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Reported by 2011-11-17T14:29:11Z Markup by 2011-11-17T14:28:39Z Hearings by 2011-07-26T18:31:42Z Referred to 2011-05-02T16:03:16Z Reported by 2012-06-29T15:40:57Z Markup by 2012-05-31T15:42:30Z Referred to 2011-04-15T13:07:35Z H. Rept. 112-565 Consumer Rental-Purchase Agreement Act of 2011 112 881 S 2011-05-04 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2012-06-29 Placed on the Union Calendar, Calendar No. 405. Calendars H12410 2 House floor actions U00405 2012-06-29 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-565. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2012-06-29 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-565. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2012-05-31 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 21. Committee 2012-05-31 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2011-11-17 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote . Committee 2011-11-17 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-07-26 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2011-05-02 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2011-04-15 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-04-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-04-15 Introduced in House IntroReferral 1000 9 Library of Congress C001082 Rep. Canseco, Francisco "Quico" [R-TX-23] Francisco Canseco R TX Quico 23 N C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2011-04-15 True M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2011-04-15 True D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2011-04-15 True W000796 Rep. Westmoreland, Lynn A. [R-GA-3] Lynn Westmoreland R GA A. 3 2011-04-15 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2011-04-15 True M000485 Rep. McIntyre, Mike [D-NC-7] MIKE MCINTYRE D NC 7 2011-04-15 True J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2011-04-15 True R000573 Rep. Ross, Mike [D-AR-4] MIKE ROSS D AR 4 2011-04-15 True B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2011-04-15 True H000712 Rep. Holden, Tim [D-PA-17] TIM HOLDEN D PA 17 2011-04-15 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2011-04-15 True D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2011-04-15 True M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2011-04-15 True T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2011-04-15 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2011-05-02 False S000364 Rep. Shimkus, John [R-IL-19] JOHN SHIMKUS R IL M. 19 2011-05-02 False J000290 Rep. Jenkins, Lynn [R-KS-2] Lynn Jenkins R KS 2 2011-05-02 False H000067 Rep. Hall, Ralph M. [R-TX-4] RALPH HALL R TX M. 4 2011-05-02 False B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 2011-05-02 False P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2011-05-02 False A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2011-05-02 False H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2011-05-03 False L000569 Rep. Luetkemeyer, Blaine [R-MO-9] Blaine Luetkemeyer R MO 9 2011-05-03 False W000413 Rep. Whitfield, Ed [R-KY-1] EDWARD WHITFIELD R KY 1 2011-05-04 False B001244 Rep. Bonner, Jo [R-AL-1] Jo Bonner R AL 1 2011-05-04 False L000553 Rep. LaTourette, Steven C. [R-OH-14] STEVEN LATOURETTE R OH C. 14 2011-05-04 False S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2011-05-04 False G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2011-05-04 False K000362 Rep. King, Steve [R-IA-5] Steve King R IA 5 2011-05-04 False S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 2011-05-04 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2011-05-05 False R000582 Rep. Roe, David P. [R-TN-1] David Roe R TN P. 1 2011-05-05 False D000533 Rep. Duncan, John J., Jr. [R-TN-2] JOHN DUNCAN R TN J. 2 2011-05-05 False P000601 Rep. Palazzo, Steven M. [R-MS-4] Steven Palazzo R MS M. 4 2011-05-10 False R000593 Rep. Ross, Dennis A. [R-FL-12] Dennis Ross R FL A. 12 2011-05-10 False B001248 Rep. Burgess, Michael C. [R-TX-26] Michael Burgess R TX C. 26 2011-05-10 False M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2011-05-10 False E000172 Rep. Emerson, Jo Ann [R-MO-8] JO EMERSON R MO ANN 8 2011-05-10 False S001154 Rep. Shuster, Bill [R-PA-9] Bill Shuster R PA 9 2011-05-10 False W000672 Rep. Wolf, Frank R. [R-VA-10] FRANK WOLF R VA R. 10 2011-05-10 False R000395 Rep. Rogers, Harold [R-KY-5] HAROLD ROGERS R KY 5 2011-05-10 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2011-05-10 False C000556 Rep. Coble, Howard [R-NC-6] HOWARD COBLE R NC 6 2011-05-10 False G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2011-05-11 False B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2011-05-11 False J000292 Rep. Johnson, Bill [R-OH-6] Bill Johnson R OH 6 2011-05-11 False M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2011-05-11 False N000185 Rep. Nugent, Richard B. [R-FL-5] Richard Nugent R FL B. 5 2011-05-12 False T000463 Rep. Turner, Michael R. [R-OH-3] Michael Turner R OH R. 3 2011-05-12 False K000378 Rep. Kinzinger, Adam [R-IL-11] Adam Kinzinger R IL 11 2011-05-12 False C001087 Rep. Crawford, Eric A. "Rick" [R-AR-1] Eric Crawford R AR A. "Rick" 1 2011-05-12 False H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2011-05-23 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2011-05-23 False 2012-04-27 N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2011-05-23 False W000809 Rep. Womack, Steve [R-AR-3] Steve Womack R AR 3 2011-05-23 False G000567 Rep. Griffin, Tim [R-AR-2] Tim Griffin R AR 2 2011-05-24 False K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2011-05-24 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2011-05-26 False W000804 Rep. Wittman, Robert J. [R-VA-1] Robert Wittman R VA J. 1 2011-05-31 False G000289 Rep. Goodlatte, Bob [R-VA-6] ROBERT GOODLATTE R VA W. 6 2011-06-13 False A000361 Rep. Alexander, Rodney [R-LA-5] Rodney Alexander R LA 5 2011-06-13 False S001182 Rep. Schilling, Robert T. [R-IL-17] Robert Schilling R IL T. 17 2011-06-15 False G000558 Rep. Guthrie, Brett [R-KY-2] Brett Guthrie R KY 2 2011-06-21 False N000186 Rep. Nunnelee, Alan [R-MS-1] Alan Nunnelee R MS 1 2011-06-21 False F000458 Rep. Fincher, Stephen Lee [R-TN-8] Stephen Fincher R TN Lee 8 2011-06-21 False F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2011-06-21 False B001255 Rep. Boustany, Charles W., Jr. [R-LA-7] Charles Boustany R LA W. 7 2011-06-22 False L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2011-06-23 False F000460 Rep. Farenthold, Blake [R-TX-27] Blake Farenthold R TX 27 2011-06-23 False H001053 Rep. Hartzler, Vicky [R-MO-4] Vicky Hartzler R MO 4 2011-06-23 False C000794 Rep. Costello, Jerry F. [D-IL-12] JERRY COSTELLO D IL F. 12 2011-06-24 False A000365 Rep. Austria, Steve [R-OH-7] Steve Austria R OH 7 2011-07-06 False W000808 Rep. Wilson, Frederica S. [D-FL-17] Frederica Wilson D FL S. 17 2011-07-06 False D000616 Rep. DesJarlais, Scott [R-TN-4] Scott DesJarlais R TN 4 2011-07-06 False B000652 Rep. Boswell, Leonard L. [D-IA-3] LEONARD BOSWELL D IA L. 3 2011-07-06 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2011-07-06 False F000459 Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] Charles Fleischmann R TN J. "Chuck" 3 2011-07-07 False D000603 Rep. Davis, Geoff [R-KY-4] Geoff Davis R KY 4 2011-07-08 False C001066 Rep. Castor, Kathy [D-FL-11] Kathy Castor D FL 11 2011-07-12 False J000285 Rep. Johnson, Timothy V. [R-IL-15] TIMOTHY JOHNSON R IL V. 15 2011-07-13 False S001189 Rep. Scott, Austin [R-GA-8] Austin Scott R GA 8 2011-07-15 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2011-07-18 False C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2011-07-18 False M001159 Rep. McMorris Rodgers, Cathy [R-WA-5] Cathy McMorris Rodgers R WA 5 2011-07-19 False R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2011-07-20 False D000600 Rep. Diaz-Balart, Mario [R-FL-21] Mario Diaz-Balart R FL 21 2011-07-20 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2011-07-22 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2011-07-22 False M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2011-07-25 False G000569 Rep. Grimm, Michael G. [R-NY-13] Michael Grimm R NY G. 13 2011-07-26 False B001273 Rep. Black, Diane [R-TN-6] Diane Black R TN 6 2011-07-27 False K000220 Rep. Kingston, Jack [R-GA-1] JACK KINGSTON R GA 1 2011-09-20 False A000022 Rep. Ackerman, Gary L. [D-NY-5] GARY ACKERMAN D NY L. 5 2011-10-05 False G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2011-10-12 False H001060 Rep. Hurt, Robert [R-VA-5] Robert Hurt R VA 5 2011-11-04 False R000487 Rep. Royce, Edward R. [R-CA-40] ED ROYCE R CA 40 2011-11-14 False D000614 Rep. Duffy, Sean P. [R-WI-7] Sean Duffy R WI P. 7 2011-11-14 False J000289 Rep. Jordan, Jim [R-OH-4] Jim Jordan R OH 4 2011-11-14 False L000111 Rep. Latham, Tom [R-IA-4] TOM LATHAM R IA 4 2012-02-02 False W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2012-02-03 False S001164 Rep. Schmidt, Jean [R-OH-2] Jean Schmidt R OH 2 2012-02-15 False F000445 Rep. Forbes, J. Randy [R-VA-4] J. Forbes R VA Randy 4 2012-02-27 False H001050 Rep. Hanabusa, Colleen W. [D-HI-1] Colleen Hanabusa D HI W. 1 2012-03-19 False C000059 Rep. Calvert, Ken [R-CA-44] KEN CALVERT R CA 44 2012-03-19 False R000170 Rep. Reyes, Silvestre [D-TX-16] SILVESTRE REYES D TX 16 2012-04-17 False B000208 Rep. Bartlett, Roscoe G. [R-MD-6] ROSCOE BARTLETT R MD G. 6 2012-04-19 False N000184 Rep. Noem, Kristi L. [R-SD-At Large] Kristi Noem R SD L. 0 2012-04-19 False Y000033 Rep. Young, Don [R-AK-At Large] DON YOUNG R AK E. 0 2012-04-19 False G000563 Rep. Gibbs, Bob [R-OH-18] Bob Gibbs R OH 18 2012-04-19 False C000380 Del. Christensen, Donna M. [D-VI-At Large] DONNA CHRISTENSEN D VI M. 0 2012-04-19 False K000376 Rep. Kelly, Mike [R-PA-3] Mike Kelly R PA 3 2012-04-24 False B001254 Rep. Boren, Dan [D-OK-2] Dan Boren D OK 2 2012-05-07 False S001172 Rep. Smith, Adrian [R-NE-3] Adrian Smith R NE 3 2012-05-07 False R000589 Rep. Rigell, E. Scott [R-VA-2] E. Rigell R VA Scott 2 2012-06-19 False B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 2012-06-26 False Finance and Financial Sector Administrative law and regulatory procedures Business records Civil actions and liability Consumer affairs Consumer credit Contracts and agency Evidence and witnesses Federal Reserve System Federal Trade Commission (FTC) Federal preemption Fraud offenses and financial crimes Small business Finance and Financial Sector 00 2011-04-15 Introduced in House 2011-06-27T19:23:44Z 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 (FTC) and to state attorneys general.

Subjects to criminal penalties any willful and knowing violation of the information disclosure requirements of this Act.

]]> 17 2012-06-29 Reported to House with amendment(s) 2012-08-29T21:12:02Z Consumer Rental Purchase Agreement Act - (Sec. 3) Amends the Consumer Credit Protection Act to prescribe consumer protection guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost and a payment schedule; (2) disclosure requirements; (3) prohibitions against confessions of judgment, wage assignments, waiver of consumer claims or defenses, and other specified kinds of provisions; (4) furnishing of statements of account; (5) point-of-rental disclosures; and (6) clear and conspicuous rental-purchase advertising disclosures.

Shields "rental-purchase agreements" from laws regulating: (1) a credit sale and a consumer lease as defined in the Truth in Lending Act, or (2) an extension of credit or a transaction giving rise to a debt incurred in connection with the purchase of a thing of value.

Exempts from jurisdiction of this Act rental-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with government agencies or instrumentalities.

Declares that the consumer shall acquire ownership of a property that is the subject of the rental-purchase agreement, and the rental-purchase agreement shall terminate, upon the consumer's compliance with specified total cost payment requirements ,or any early payment option provided in the rental purchase agreement, and upon payment of any past due payments and fees.

Grants federal district courts jurisdiction over actions brought under this Act.

Permits an action for civil liability 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 (FTC) and to state attorneys general.

Subjects to criminal penalties any willful and knowing violation of the information disclosure requirements of this Act.

Provides that a term or provision of state law is not inconsistent with this Act if it affords greater protection and benefit to the consumer than is provided under this Act as determined by the Board, on its own motion or upon the petition of any interested party.

Declares this Act to supersede state law to the extent that such law: (1) regulates a rental-purchase agreement as a security interest, credit sale, retail installment sale, conditional sale or any other form of consumer credit, or that imputes to a rental-purchase agreement the creation of a debt or extension of credit; or (2) requires the disclosure of a percentage rate calculation, including a time-price differential, an annual percentage rate, or an effective annual percentage rate.

Shields from civil or criminal liability under this Act the United States and its departments or agencies, and any state, state agency, or state political subdivision.

]]> Consumer Rental Purchase Agreement Act Short Titles as Introduced Consumer Rental Purchase Agreement Act Short Titles as Reported to House Consumer Rental Purchase Agreement Act H House Display Title Consumer Rental Purchase Agreement Act 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. Reported in House 2012-06-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1588rh/xml/BILLS-112hr1588rh.xml Introduced in House 2011-04-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1588ih/xml/BILLS-112hr1588ih.xml 2012-06-29 Placed on the Union Calendar, Calendar No. 405. 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.