Top Legislation - View All
Also tagged in: Actions and defenses, Administrative procedure, Business, Congress, Congressional reporting requirements, Consumer credit, Consumer protection, Consumers, Criminal justice, Damages, Executive departments, Federal preemption, Federal-state relations, Finance, Fines (Penalties), Fraud, Governmental investigations, Identification devices, Identity theft, Independent regulatory commissions, Injunctions, Internet, Law, Parties to actions, Restrictive trade practices, Social security, Social security numbers, State and local government, Technology, Telecommunication, Web sites
Latest Action: 10/03/2008 - House Committee on Ways and Means Granted an extension for further consideration ending not later than Jan. 3, 2009. Bill TextTo strengthen the authority of the Federal Government to protect individuals from certain acts and practices in the sale and purchase of Social Security numbers and Social Security account numbers, and for other purposes. 6/13/2007--Reported to House amended, Part I. (There is 1 other summary) Social Security Number Protection Act of 2007 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act (SSA) to make it unlawful for any person, except in certain circumstances, to: (1) intentionally display the Social Security number of another individual on a website generally accessible to the public or providing an individual with access to another individual's Social Security number through the Internet; (2) require an individual who is a customer of or member associated with such person to use the individual's Social Security number as a password for access to any good or service, including any account or protected access [...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Business, Business records, Civil liberties, Communications, Computer security measures, Consumer education, Consumers, Criminal justice, Damages, Data banks, Executive departments, Federal Communications Commission, Federal preemption, Fines (Penalties), Forfeiture, Government information, Government publicity, Independent regulatory commissions, Injunctions, Internet, Law, Limitation of actions, Local laws, Parties to actions, Public service advertising, Punitive damages, Restrictive trade practices, Right of privacy, State and local government, State laws, Technology, Telecommunication, Telephone
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Commerce, Science, and Transportation. Bill TextA bill to amend the Communications Act of 1934 to prohibit the unlawful acquisition and use of confidential customer proprietary network information, and for other purposes. 1/4/2007--Introduced. Protecting Consumer Phone Records Act - Makes it unlawful to: (1) acquire or use customer proprietary network information without written consent; (2) represent that another person has consented in order to acquire such information; (3) obtain unauthorized access to certain systems or records in order to acquire such information; (4) sell or offer for sale such information; or (5) request that another person unlawfully obtain such information. Amends the Communications Act of 1934 to provide for a civil forfeiture penalty for violation of this Act. Imposes on IP-enabled voice service providers a duty to protect the confidentiality of specified proprietary information. Requires the Federal Communications Commission (FCC) to require each telecommunications carrier [...] show full description
Also tagged in: Actions and defenses, Banks and banking, Business, Child pornography, Child sexual abuse, Children, Civil liberties, Consumer education, Consumers, Credit unions, Criminal justice, Electronic mail systems, Executive departments, Federal Communications Commission, Finance, Fines (Penalties), Foreign banks and banking, Government information, Government publicity, Humanities, Identification devices, Independent regulatory commissions, Injunctions, International finance, Internet, Law, Libraries, Parties to actions, Pornography, Restrictive trade practices, Right of privacy, Savings and loan associations, Sentences (Criminal procedure), Social security, Social security numbers, Technology, Telecommunication, Telephone, Web sites
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Commerce, Science, and Transportation. Bill TextA bill to amend the Communications Act of 1934 to prevent the carriage of child pornography by video service providers, to protect children from online predators, and to restrict the sale or purchase of children's personal information in interstate commerce. 1/4/2007--Introduced. Protecting Children in the 21st Century Act - Amends the Communications Act of 1934 to require the Federal Communications Commission (FCC) to issue regulations requiring video services to prevent child pornography. Amends the Crime Control Act of 1990 to triple the fines on providers of electronic communication services or remote computing services who knowingly and willfully fail to report child pornography. Requires warning labels for websites depicting sexually explicit material. Deleting Online Predators Act of 2007 - Amends the Communications Act of 1934 to require schools and libraries that receive universal service support to enforce a policy that: (1) prohibits access to a commercial [...] show full description
Also tagged in: Administrative procedure, Business, Consumers, Criminal justice, Energy, Energy prices, Energy supplies, Executive departments, Fines (Penalties), Gasoline, Independent regulatory commissions, Law, Petroleum, Petroleum industry, Profit, Restrictive trade practices, Small business
Latest Action: 01/04/2007 - Read twice and referred to the Committee on Commerce, Science, and Transportation. Bill TextA bill to protect the welfare of consumers by prohibiting price gouging by merchants with respect to gasoline or petroleum distillates during certain abnormal market disruptions. 1/4/2007--Introduced. Gasoline Consumer Anti-price-gouging Protection Act - Makes it unlawful for any supplier to increase the price for gasoline or petroleum distillates in an area covered by: (1) an emergency proclamation issued by the President that an abnormal market has or is expected to occur; or (2) a Federal Trade Commission (FTC) emergency order that an abnormal market disruption affecting more than one state has or is expected to occur. Makes such prohibition inapplicable to justifiable increases. Authorizes the President or FTC to issue such proclamations or orders. Provides: (1) prohibition enforcement through the FTC; and (2) civil and criminal penalties for violations.
Also tagged in: Administrative procedure, Business, Campaign funds, Consumer protection, Consumers, Directories, Elections, Executive departments, Fund raising, Independent regulatory commissions, Law, Political advertising, Telecommunication, Telemarketing, Telephone
Latest Action: 02/02/2007 - Referred to the Subcommittee on Commerce, Trade and Consumer Protection. Bill TextTo direct the Federal Trade Commission to revise the regulations regarding the Do-not-call registry to prohibit politically-oriented recorded message telephone calls to telephone numbers listed on that registry. 1/10/2007--Introduced. Freedom from Automated Political Calls Act - Directs the Federal Trade Commission (FTC) to revise the do-not-call registry provisions of the Telemarketing Sales Rule to prohibit politically-oriented recorded message telephone calls to telephone numbers listed on that registry. Defines politically-oriented recorded message telephone call.
Also tagged in: Accreditation (Medical care), Actions and defenses, Administrative fees, Administrative procedure, Administrative remedies, Australia, Budgets, Business, Business records, Canada, Checks, Civil liberties, Congress, Congressional reporting requirements, Consumer education, Consumers, Contracts, Credit cards, Criminal justice, Customs administration, Damages, Defective products, Department of Health and Human Services, Directories, Drug advertising, Drug approvals, Drug industry, Drugs, East Asia, Education, Electronic commerce, Electronic data interchange, Electronic funds transfers, Electronic government information, Europe, European Union, Evidence (Law), Executive departments, Export controls, Exports, Federal preemption, Federal-state relations, Finance, Fines (Penalties), Food and Drug Administration (FDA), Forfeiture, Fraud, Government information, Government paperwork, Government publicity, Governmental investigations, Higher education, Identification devices, Import restrictions, Imports, Independent regulatory commissions, Injunctions, Intellectual property, Interactive media, Internet, Japan, Labeling, Law, Liability (Law), Licenses, Medical associations, Medical care, Medical education, Medical records, Medical tests, Medicine, New Zealand, Oceania, Packaging, Parties to actions, Patent infringement, Patents, Pharmaceutical research, Pharmacies, Pharmacists, Physical examinations, Prescription pricing, Price discrimination, Product counterfeiting, Restrictive trade practices, Right of privacy, Science policy, State and local government, State laws, Surety and fidelity, Switzerland, Technology, Telecommunication, Telephone, Trade, User charges, Web sites, Wholesale trade
Latest Action: 02/02/2007 - Referred to the Subcommittee on Health. Bill TextTo amend the Federal Food, Drug, and Cosmetic Act with respect to the importation of prescription drugs, and for other purposes. 1/10/2007--Introduced. Pharmaceutical Market Access and Drug Safety Act of 2007 - Amends the Federal Food, Drug, and Cosmetic Act (FFDCA) to revise provisions governing the importation of prescription drugs. Waives the limitation on importation of prescription drugs that have been exported from the United States. Prohibits the importation of a qualifying drug unless such drug is imported by: (1) a registered importer; or (2) an individual for personal use. Establishes registration conditions for importers and exporters. Requires the Secretary to inspect places of business, verify chains of custody, inspect facilities, and determine compliance with registration conditions. Sets forth provisions governing the importation of qualifying drugs that are different from U.S. label drugs, including standards for judging such differences.[...] show full description
Also tagged in: Actions and defenses, Administrative procedure, Business, Child labor, Children, Civil liberties, Civil rights, Collective bargaining, Congress, Congress and foreign policy, Congressional oversight, Congressional reporting requirements, Criminal justice, Damages, Directories, Employee rights, Executive departments, Expedited congressional procedure, Export controls, Forced labor, Foreign policy, Freedom of association, Government contractors, Government information, Government paperwork, Government procurement, Government publicity, Governmental investigations, Hours of labor, House rules and procedure, Human rights, Import restrictions, Independent regulatory commissions, Injunctions, International affairs, Investors, Labor, Labor unions, Law, Legal fees, Legislative resolutions, Medical care, Medicine, Minimum wages, Occupational health and safety, Parties to actions, President and foreign policy, Presidents, Prison labor, Public contracts, Restrictive trade practices, Retail trade, Senate rules and procedure, Slavery, Trade
Latest Action: 10/25/2007 - Committee on Commerce, Science, and Transportation Subcommittee on Interstate Commerce, Trade, and Tourism. Hearings held. Bill TextA bill to amend the Tariff Act of 1930 to prohibit the import, export, and sale of goods made with sweatshop labor, and for other purposes. 1/23/2007--Introduced. Decent Working Conditions and Fair Competition Act - Amends the Tariff Act of 1930 to revise the prohibition on importing convict-made goods into the United States to make it unlawful to: (1) import into, or export from, the United States any sweatshop good; or (2) introduce into commerce, sell, trade, or advertise in commerce, offer to sell, or transport or distribute in U.S. commerce, any sweatshop good. Grants the President, for reasons of national interest, authority to recommend waiver of the applications set forth in this Act in connection with the goods of any country with respect to one or more of the principles and rights defined in this Act as a core labor standard. Sets forth procedures for consideration of such a waiver. Makes it unlawful for persons to introduce into commerce, sell,[...] show full description
Also tagged in: Administrative procedure, Campaign funds, Consumer protection, Consumers, Directories, Elections, Executive departments, Fund raising, Independent regulatory commissions, Law, Political advertising, Politics and government, Telecommunication, Telemarketing
Latest Action: 02/02/2007 - Referred to the Subcommittee on Commerce, Trade and Consumer Protection. Bill TextTo direct the Federal Trade Commission to revise the do-not-call telemarketing rules to permit individuals to opt out of receiving certain politically-oriented telephone calls. 1/16/2007--Introduced. Directs the Federal Trade Commission (FTC) to issue regulations to revise the Telemarketing Sales (do-not-call) Rule to prohibit, as an abusive telemarketing act or practice, any politically-oriented telephone calls to persons who, after such regulations are issued, register with the FTC to include their telephone numbers on a "do-not-call" registry established to prohibit such calls.
Also tagged in: Actions and defenses, Administrative procedure, Armed forces, Auditing, Bank records, Civil liberties, Computer crimes, Computer security measures, Congress, Congressional investigations, Congressional reporting requirements, Consumer credit, Consumers, Counterintelligence, Credit bureaus, Criminal justice, Data banks, Defense policy, Department of Justice, Employee training, Espionage, Executive departments, Executive reorganization, Federal preemption, Finance, Fines (Penalties), Fraud, Government contractors, Government information, Government paperwork, Governmental investigations, Identification devices, Identity theft, Independent regulatory commissions, Information leaking, Injunctions, Intelligence activities, Job training, Law, National security, Organized crime, Parties to actions, Public contracts, Restrictive trade practices, Right of privacy, Risk, Secret service, Sentencing guidelines, Standards, State and local government, State laws, Technology, Telecommunication, Telephone, U.S. Sentencing Commission
Latest Action: 05/23/2007 - Committee on the Judiciary. Reported by Senator Leahy with amendments. With written report No. 110-70. Additional views filed. Bill TextA bill to prevent and mitigate identity theft, to ensure privacy, to provide notice of security breaches, and to enhance criminal penalties, law enforcement assistance, and other protections against security breaches, fraudulent access, and misuse of personally identifiable information. 5/23/2007--Reported to Senate amended. (There is 1 other summary) Personal Data Privacy and Security Act of 2007 - Title I: Enhancing Punishment For Identity Theft And Other Violations Of Data Privacy and Security - (Sec. 101) Amends the federal criminal code to add intentionally accessing a computer without authorization to the definition of racketeering activity. (Sec. 102) Imposes a fine and/or prison term of up to five years for intentionally and willfully concealing a security breach involving sensitive personally identifiable information that causes economic damage to one or more persons. Defines "sensitive personally identifiable information"[...] show full description
Also tagged in: Accreditation (Medical care), Actions and defenses, Administrative fees, Administrative procedure, Administrative remedies, Aged, Appropriations, Armed forces, Auditing, Australia, Budgets, Business, Business records, Canada, Capital gains tax, Caribbean area, Checks, Citizenship, Civil liberties, Claims, Competitive bidding, Conflict of interests, Congress, Congressional reporting requirements, Consumer education, Consumers, Continental shelf, Contracts, Corporation taxes, Cost of living adjustments, Courts of special jurisdiction, Credit cards, Criminal justice, Cuba, Customs administration, Damages, Data banks, Defective products, Defense contracts, Defense economics, Department of Defense, Department of Health and Human Services, Department of Homeland Security, Department of the Interior, Department of the Treasury, Directories, Disciplining of employees, Dividends, Drug advertising, Drug approvals, Drug industry, Drugs, Due process of law, East Asia, Education, Electronic commerce, Electronic data interchange, Electronic funds transfers, Electronic government information, Employee rights, Energy, Environmental Protection Agency, Europe, European Union, Evidence (Law), Executive departments, Expatriation, Export controls, Exports, Federal Emergency Management Agency, Federal employees, Federal officials, Federal preemption, Federal-state relations, Fees, Finance, Fines (Penalties), Food and Drug Administration (FDA), Foreign corporations, Foreign policy, Foreign tax credit, Forfeiture, Fraud, Gas in submerged lands, General Services Administration, Gifts, Government contractors, Government employees, Government information, Government paperwork, Government procurement, Government publicity, Government spending reductions, Governmental investigations, Gulf of Mexico, Health policy, Higher education, Identification devices, Immigration, Import restrictions, Imports, Income tax, Independent regulatory commissions, Indexing (Economic policy), Infrastructure, Infrastructure (Economics), Injunctions, Intellectual property, Intelligence activities, Interactive media, International broadcasting, Internet, Japan, Judicial review, Jurisdiction, Labeling, Latin America, Law, Legal fees, Liability (Law), Licenses, Lobbying, Medical associations, Medical care, Medical education, Medical records, Medical tests, Medicare, Medicine, Minimum tax, New Zealand, Oceania, Office of Government Ethics, Office of Management and Budget, Office of Special Counsel, Oil and gas leases, Oil and gas royalties, Oil well drilling, Overhead costs, Packaging, Parties to actions, Patent infringement, Patents, Petroleum in submerged lands, Pharmaceutical research, Pharmacies, Pharmacists, Physical examinations, Politics and government, Prescription pricing, Presidential appointments, Presidents, Price discrimination, Product counterfeiting, Profit, Public contracts, Restrictive trade practices, Right of privacy, Science policy, Security clearances, State and local government, State laws, Sunset legislation, Surety and fidelity, Switzerland, Tax deductions, Tax deferral, Tax exclusion, Tax exemption, Tax liens, Tax rates, Tax shelters, Taxation of foreign income, Technology, Telecommunication, Telephone, Television broadcasting, Trade, User charges, Web sites, Whistle blowing, Wholesale trade
Latest Action: 02/12/2007 - Sponsor introductory remarks on measure. (CR S1855-1857) Bill TextA bill to reduce the Federal budget deficit, and for other purposes. 2/12/2007--Introduced. Act for Our Kids - Repeals the Television Broadcasting to Cuba Act. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to prohibit federal funding of television broadcasting to Cuba. Terminates the U.S. Court of Federal Claims. Requires federal agencies to reduce administrative expenses. Eliminates the Medicare Advantage Regional Plan Stabilization (SLUSH) Fund. Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a war or military action. Requires: (1) suspension and debarment of unethical contractors; (2) disclosure by federal agencies, upon request, to the appropriate committee chairman or ranking member of audit reports regarding federal contractors; and (3) public access to information on federal contractor penalties and [...] show full description
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Latest Legislation - View All
Also tagged in: Administrative procedure, Business, Consumer credit, Consumer education, Consumers, Executive departments, Federal reserve system, Finance, Fines (Penalties), Housing, Independent regulatory commissions, Law, Mortgages, Real estate appraisal, Restrictive trade practices
Latest Action: 04/15/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to diminish predatory lending by enhancing appraisal quality and standards, to improve appraisal oversight, to ensure mortgage appraiser independence, to provide for enhanced remedies and enforcement, and for other purposes. 4/15/2008--Introduced. Fair Value and Independent Appraisal Act - Amends the Truth in Lending Act to prohibit a creditor from extending a mortgage to any consumer without first obtaining a written appraisal of the property to be mortgaged, prepared in accordance with specified requirements. Requires a creditor to provide a copy of each such appraisal to the consumer without charge, at least three days prior to the transaction closing date. Declares unfair or deceptive specified property appraisal practices in the provision of: (1) mortgage lending services for a consumer credit transaction secured by the consumer's principal dwelling; or (2) any mortgage brokerage services for such a transaction. Establishes civil monetary penalties [...] show full description
Also tagged in: Actions and defenses, Administrative law judges, Administrative procedure, Alcoholic beverages, Antitrust law, Authorization, Banks and banking, Budgets, Business, Consumer protection, Consumers, Economic policy, Economists, Executive departments, Federal preemption, Finance, Food, Governmental investigations, Housing, Independent regulatory commissions, Judicial review, Law, Mortgage interest rates, Mortgages, Nonprofit organizations, Restrictive trade practices, Savings and loan associations, Social services, State and local government, State laws, Telemarketing
Latest Action: 04/08/2008 - Sponsor introductory remarks on measure. (CR S2754) Bill TextA bill to reauthorize the Federal Trade Commission, and for other purposes. 4/8/2008--Introduced. Federal Trade Commission Reauthorization Act of 2008 - Amends the Federal Trade Commission Act to authorize appropriations to carry out the powers and duties of the Federal Trade Commission (FTC) and to improve technology regarding the FTC's competition and consumer protection missions. Authorizes the FTC to directly handle civil actions under the Act or to request the Attorney General do so. Allows the FTC to give appointment preference to administrative judges with antitrust or trade regulation litigation and related economic analysis experience. Permits the FTC to commence a civil action to recover civil penalties in a district court for any violation of the Act. Permits the FTC to enforce the Act against nonprofit organizations. Authorizes the FTC to operate under general federal law rulemaking and judicial review provisions instead of under [...] show full description
Latest Action: 04/01/2008 - Read twice and referred to the Committee on Commerce, Science, and Transportation. Bill TextA bill to direct the Federal Trade Commission to prescribe a rule prohibiting deceptive advertising of abortion services, and for other purposes. 4/1/2008--Introduced. Stop Deceptive Advertising for Women's Services Act - Requires the Federal Trade Commission (FTC) to: (1) promulgate rules prohibiting, as unfair and deceptive acts or practices, persons from advertising with the intent to deceptively create the impression that such persons provide abortion services; and (2) enforce violations of such rules as unfair methods of competition and unfair or deceptive acts or practices in or affecting commerce.
Latest Action: 12/12/2007 - Read twice and referred to the Committee on Commerce, Science, and Transportation. Bill TextA bill to authorize appropriations for research and enforcement activities of the Federal Trade Commission related to misleading mortgage advertisements. 12/12/2007--Introduced. Authorizes appropriations to carry out research and enforcement regarding misleading mortgage advertisements, in an amount double the amount spent for such purposes in the previous fiscal year, for the Division of Financial Practices of the Bureau of Consumer Protection of the Federal Trade Commission (FTC).
Also tagged in: Administrative procedure, Business, Campaign funds, Consumer protection, Consumers, Directories, Elections, Executive departments, Fund raising, Independent regulatory commissions, Law, Political advertising, Telecommunication, Telemarketing, Telephone
Latest Action: 12/05/2007 - Referred to the Subcommittee on Commerce, Trade and Consumer Protection. Bill TextTo direct the Federal Trade Commission to revise the regulations regarding the do-not-call registry to prohibit politically-oriented recorded message telephone calls to telephone numbers listed on that registry. 12/5/2007--Introduced. Directs the Federal Trade Commission (FTC) to revise the do-not-call registry provisions of the Telemarketing Sales Rule to prohibit politically-oriented recorded message telephone calls to telephone numbers listed on that registry. Defines politically-oriented recorded message telephone call.
Also tagged in: Administrative procedure, Business, Civil war, Consumer protection, Consumers, Cultural property, Executive departments, Firearms, History, Hobbies, Humanities, Independent regulatory commissions, Labeling, Law, Military history, Restrictive trade practices, Weapons, Weapons systems
Latest Action: 11/08/2007 - Sponsor introductory remarks on measure. (CR E2368-2369) Bill TextTo amend the Hobby Protection Act to require that imitation Civil War items be clearly marked as copies. 11/8/2007--Introduced. Amends the Hobby Protection Act to declare as an unlawful, unfair, and deceptive act the manufacture in the United States, or the importation into the United States, for introduction or distribution into commerce of any imitation Civil War item which is not plainly and permanently marked "copy" or "facsimile." Requires the Federal Trade Commission to prescribe rules relating to such items that are substantially similar to the rules prescribed by the Commission relating to imitation numismatic items.
Latest Action: 12/17/2007 - The committee substitute as amended agreed to by Unanimous Consent. Bill TextA bill to amend the Do-Not-Call Implementation Act to eliminate the automatic removal of telephone numbers registered on the Federal "do-not-call" registry. 12/17/2007--Passed Senate amended. (There is 1 other summary) Do-Not-Call Improvement Act of 2007 - Prohibits having a specific expiration period for numbers in the do-not-call registry of the Telemarketing Sales Rule. Requires the Federal Trade Commission (FTC) to reinstate the registration of any telephone number that was removed from the registry before enactment of this Act under an FTC rule or practice requiring the removal of a telephone number from the registry five years after its registration. Authorizes the FTC to check telephone numbers listed on the do-not-call registry against national databases periodically and purge numbers that have been disconnected and reassigned. Requires the FTC to report to Congress on FTC efforts taken after enactment of this Act to improve [...] show full description
Also tagged in: Administrative procedure, Congress, Congressional reporting requirements, Consumers, Executive departments, Federal Communications Commission, Independent regulatory commissions, Law, Telecommunication, Telemarketing, Telephone
Latest Action: 02/15/2008 - Became Public Law No: 110-187. Bill TextTo amend the Do-not-call Implementation Act to eliminate the automatic removal of telephone numbers registered on the Federal "do-not-call" registry. 2/15/2008--Public Law. (There are 3 other summaries) (This measure has not been amended since it was passed by the House on December 11, 2007. The summary of that version is repeated here.) Do-Not-Call Improvement Act of 2007 - Amends the "Do-Not-Call" Implementation Act to prohibit removing numbers from the do-not-call registry unless: (1) the number is invalid, disconnected, or reassigned; or (2) the individual to whom the number is assigned so requests. Requires the Federal Trade Commission (FTC) to periodically check numbers on the registry and remove invalid, disconnected, or reassigned numbers. Requires the FTC to report to Congress on the FTC's efforts, after enactment of this Act, to improve the accuracy of the registry.
Also tagged in: Administrative procedure, Bank loans, Communications, Congress, Congressional investigations, Congressional reporting requirements, Consumer protection, Consumers, Deceptive advertising, Department of the Treasury, Executive departments, Federal Deposit Insurance Corporation, Federal Home Loan Bank Board, Federal reserve system, Finance, Independent regulatory commissions, Law, National Credit Union Administration
Latest Action: 12/06/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo include all banking agencies within the existing regulatory authority under the Federal Trade Commission Act with respect to depository institutions, and for other purposes. 12/5/2007--Passed House amended. (There is 1 other summary) Amends the Federal Trade Commission Act to transfer to each federal banking agency, with respect to depository institutions it supervises, the authority to prescribe regulations governing unfair or deceptive practices by banks and savings and loan institutions currently vested in the Board of Governors of the Federal Reserve System (with respect to banks) and the Federal Home Loan Bank Board (with respect to savings and loan institutions). Requires the federal banking agencies to prescribe such regulations: (1) jointly to the extent practicable; and (2) in consultation with the Federal Trade Commission (FTC). Authorizes the FTC, with respect to entities within its jurisdiction, to commence a rulemaking [...] show full description
Also tagged in: Administrative procedure, Consumer credit, Consumer protection, Consumers, Credit bureaus, Department of the Treasury, Executive departments, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Independent regulatory commissions, Law, National Credit Union Administration
Latest Action: 09/24/2007 - Presented to President. Bill TextTo require rapid implementation of guidelines and regulations regarding the accuracy of consumer information furnished to consumer reporting agencies that were required to be established by the Fair and Accurate Credit Transactions Act of 2003 and have not been implemented, to provide that the Federal Trade Commission shall take the lead in implementation of the guidelines and regulations, and for other purposes. 9/14/2007--Introduced. FACT Act Rulewriting Improvement Act of 2007 - Amends the Fair Credit Reporting Act to confer responsibility upon the Federal Trade Commission (FTC) alone to establish accuracy guidelines and prescribe regulations (according to the Fair and Accurate Credit Transactions Act of 2003, or the FACT Act of 2003): (1) for furnishers of information to consumer reporting agencies; and (2) about the circumstances under which such a furnisher shall be required to reinvestigate a dispute concerning the accuracy of information in a consumer report, based [...] show full description
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