US SB3491 | 2015-2016 | 114th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 15-1)
Status: Introduced on December 1 2016 - 25% progression, died in committee
Action: 2016-12-01 - 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]
Status: Introduced on December 1 2016 - 25% progression, died in committee
Action: 2016-12-01 - 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
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.
Title
Justice for Victims of Fraud Act of 2016
Sponsors
Sen. Sherrod Brown [D-OH] | Sen. Patrick Leahy [D-VT] | Sen. Al Franken [D-MN] | Sen. Richard Durbin [D-IL] |
Sen. Jon Tester [D-MT] | Sen. Patty Murray [D-WA] | Sen. Jeff Merkley [D-OR] | Sen. Elizabeth Warren [D-MA] |
Sen. Mazie Hirono [D-HI] | Sen. Robert Casey [D-PA] | Sen. Mark Warner [D-VA] | Sen. Robert Menendez [D-NJ] |
Sen. Richard Blumenthal [D-CT] | Sen. Heidi Heitkamp [D-ND] | Sen. Jack Reed [D-RI] | Sen. Bernard Sanders [I-VT] |
History
Date | Chamber | Action |
---|---|---|
2016-12-01 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/3491/all-info |
Text | https://www.congress.gov/114/bills/s3491/BILLS-114s3491is.pdf |