[Congressional Record Volume 164, Number 40 (Wednesday, March 7, 2018)]
[Senate]
[Page S1468]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2085. Mr. BLUMENTHAL submitted an amendment intended to be 
proposed by him to the bill S. 2155, to promote economic growth, 
provide tailored regulatory relief, and enhance consumer protections, 
and for other purposes; which was ordered to lie on the table; as 
follows:

       At the appropriate place, insert the following:

     SEC. ___. AUTO LENDING RULES.

       Not later than 1 year after the date of enactment of this 
     Act, the Federal Trade Commission shall promulgate rules 
     that--
       (1) prohibit auto dealer interest rate markups;
       (2) end yo-yo scams;
       (3) curb loan packing;
       (4) implement steps to ensure that dealers do not fail to 
     pay off liens on trade-in vehicles or cause other harm to 
     consumers when the dealer closes; and
       (5) eliminates predispute arbitration agreements in 
     contracts for the sale, servicing, financing, and leasing of 
     motor vehicles.
                                 ______