US SB2516 | 2019-2020 | 116th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on September 19 2019 - 25% progression
Action: 2019-09-19 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Stop Debt Collection Abuse Act of 2019 This bill applies certain consumer protections regarding debt collection to debt owed to a federal agency and to debt buyers. A federal agency that is a creditor may not sell or transfer a debt to a debt collector until 90 days after the obligation arises. Specified notice to the consumer of such a sale or transfer is required. A collector of debt owed to a federal agency may not collect any interest, fee, charge, or expense that is (1) unreasonable in relation to actual costs, (2) not authorized by a contract between the debt collector and the federal agency, or (3) greater than 10% of the amount collected. The Government Accountability Office shall report on the use of debt collectors by federal, state, and local government agencies.

Tracking Information

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Title

Stop Debt Collection Abuse Act of 2019

Sponsors


History

DateChamberAction
2019-09-19SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Same As/Similar To

HB4403 (Related) 2019-11-14 - Ordered to be Reported (Amended) by the Yeas and Nays: 54 - 0.

Subjects


US Congress State Sources


Bill Comments

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