3.0.0 5434 2023-01-11T13:32:48Z 2023-01-11T13:32:48Z House HR 2016-06-09 114 [Congressional Record Volume 162, Number 91 (Thursday, June 9, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. LOVE:H.R. 5434.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.[Page H3664]]]> hsba00 Financial Services Committee House Standing Referred to 2016-06-09T14:03:40Z Stop Debt Collection Abuse Act of 2015 114 2255 S 2015-11-05 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2016-06-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-06-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-06-09 Introduced in House IntroReferral 1000 9 Library of Congress L000584 Rep. Love, Mia B. [R-UT-4] Mia Love R UT B. 4 N E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2016-06-09 True H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2016-06-09 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2016-06-09 True Finance and Financial Sector Congressional oversight Debt collection Government lending and loan guarantees Government studies and investigations State and local government operations User charges and fees Finance and Financial Sector 00 2016-06-09 Introduced in House 2016-09-29T19:32:29Z Stop Debt Collection Abuse Act of 2016

This bill amends the Fair Debt Collection Practices Act to redefine: (1) "debt" to include any obligation or alleged obligation of a consumer to pay a loan, an overpayment, a fine, penalty, a fee, or other money owed currently or originally to a federal agency and that is at least 180 days past due; and (2) "debt collector" to include any person who regularly collects debts currently or originally owed or allegedly owed to a federal agency.

A federal agency that is a creditor may sell or transfer a debt to a debt collector beginning 90 days after the obligation or alleged obligation becomes delinquent or defaults.

The Act is further amended by making the collection of any amount (including any interest, fee, charge, or expense incidental to the principal obligation) an unfair practice unless:

  • the amount is expressly authorized by the agreement creating the debt or permitted by law (as under current law); and
  • in the case of a debt owed a federal agency as specified in this bill, the collection charge is reasonable in relation to actual collection costs, is authorized by a contract between the debt collector and the federal agency, and does not exceed 10% of the amount the debt collector collects.

The Government Accountability Office shall study the use of debt collectors by federal, state, and local government agencies.

]]> Stop Debt Collection Abuse Act of 2016 Display Title Stop Debt Collection Abuse Act of 2016 Official Title as Introduced To amend the Fair Debt Collection Practices Act to restrict the debt collection practices of certain debt collectors. Introduced in House IH Short Titles as Introduced Stop Debt Collection Abuse Act of 2016 Introduced in House 2016-06-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5434ih/xml/BILLS-114hr5434ih.xml 2016-06-09 Referred to the House Committee on Financial Services. 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.