US Congress House Bill 6423 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 15-0)
Status: Introduced on December 1 2016 - 25% progression, died in committee
Action: 2016-12-01 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Justice for Victims of Fraud Act of 2016 This bill amends the Truth in Lending Act and the Electronic Fund Transfer Act to prohibit predispute arbitration agreements with consumers (i.e., agreements to arbitrate any future disputes between parties instead of pursuing the claims in court) from being valid or enforceable in disputes related to credit card accounts or personal bank accounts that are not subject to a final judgment by a court if the credit card or bank account was not issued in response to a request or application for that account. The bill excludes from this prohibition accounts held by a financial institution pursuant to a bona fide trust agreement.

Justice for Victims of Fraud Act of 2016

Rep. Brad Sherman [D-CA]	Rep. John Conyers [D-MI]	Rep. Michael Capuano [D-MA]	Rep. Judy Chu [D-CA]
Rep. Grace Napolitano [D-CA]	Rep. Donna Edwards [D-MD]	Rep. Eleanor Norton [D-DC]	Rep. Danny Davis [D-IL]
Rep. Brenda Lawrence [D-MI]	Rep. Matthew Cartwright [D-PA]	Rep. Raul Grijalva [D-AZ]	Rep. Henry Johnson [D-GA]
Rep. Stephen Lynch [D-MA]	Rep. Nydia Velazquez [D-NY]	Rep. Janice Schakowsky [D-IL]

Date	Chamber	Action
2016-12-01	House	Referred to the House Committee on Financial Services.
2016-12-01	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/6423/all-info
Text	https://www.congress.gov/114/bills/hr6423/BILLS-114hr6423ih.pdf