US Congress Senate Bill 2516 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on September 19 2019 - 25% progression, died in committee
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]

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.

Stop Debt Collection Abuse Act of 2019

Sen. Cory Booker [D-NJ]

Sen. Mike Lee [R-UT]

Date	Chamber	Action
2019-09-19	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB4403 (Related) 2020-12-15 - Placed on the Union Calendar, Calendar No. 538.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/2516/all-info
Text	https://www.congress.gov/116/bills/s2516/BILLS-116s2516is.pdf