H.R. 2201 · 109th Congress
Consumer Debt Prevention and Education Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RuppersbergerSponsorNo cosponsors.
Consumer Debt Prevention and Education Act of 2005 - Amends the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 to prohibit a judge, U.S. trustee, or other party in interest from filing a presumption-of-abuse motion if the debtor is a medically distressed debtor.
What it does: CRS summary · Introduced in House · May 5, 2005
Consumer Debt Prevention and Education Act of 2005 - Amends the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 to prohibit a judge, U.S. trustee, or other party in interest from filing a presumption-of-abuse motion if the debtor is a medically distressed debtor.
Amends the Truth in Lending Act to require credit card disclosures under an open end consumer credit plan to include an explanation of: (1) credit scores and the negative effects that low credit scores can have on the consumer; (2) how being over a credit limit hurts the consumer; and (3) how long it would take paying off a credit balance by just making the minimum payments required, and the effect that negative amortization may have in extending such time.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Consumer Debt Prevention and Education Act of 2005
Latest action (Jun 6, 2005): Referred to the Subcommittee on Commercial and Administrative Law.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 5, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.