US HB4548 | 2021-2022 | 117th Congress

Status

Spectrum: Partisan Bill (Republican 12-0)
Status: Introduced on July 20 2021 - 25% progression
Action: 2021-07-20 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Eliminates the authority of the Consumer Financial Protection Bureau to take action against a person or service provider for an abusive act or practice in connection with a consumer financial product or service. Additionally, the bureau is prohibited from taking action against an unfair or deceptive act unless the bureau first consults with the primary financial regulatory agency of the person or service provider. Finally, any rulemaking made by the bureau regarding an unfair or deceptive act must comply with certain Federal Trade Commission rulemaking requirements.

Tracking Information

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Title

Unfair or Deceptive Acts or Practices Uniformity Act

Sponsors


History

DateChamberAction
2021-07-20HouseReferred to the House Committee on Financial Services.
2021-07-20HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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