H.R. 1214: Payday Loan Reform Act of 2009 (GovTrack.us)

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H.R. 1214:

Payday Loan Reform Act of 2009

111^th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 111^th Congress, in 2009-2010.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2009-2010

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Primary Source

See H.R. 1214 on THOMAS for the official source of information on this bill or resolution.

To amend the Truth in Lending Act to establish additional payday loan disclosure requirements and other protections for consumers, and for other purposes.

Overview

Sponsor:

Rep. Luis Gutiérrez [D-IL4]show cosponsors (39)

Text:

Summary | Full Text

Status:

	Introduced	Feb 26, 2009
	Referred to Committee	View Committee Assignments
	Reported by Committee	...
	House Vote	...
	Senate Vote	...
	Signed by President	...

This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee. [Last Updated: Jan 5, 2010 9:44PM]

Last Action:

Feb 26, 2009: Referred to the House Committee on Financial Services.

See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.

Question & Answer

Can you answer any of these questions posed by other users? Think of it as a civic good deed. You can submit a short question too.

Mar 5, 2009 10:15 AM - Does this bill involve lenders other than payday lenders? - Read Answers

May 20, 2009 2:53 AM - Does this bill involve pawn shops? - Answer it!

Sources of Influence

MAPLight.org reports that the following organizations have taken a stance on this bill:

Support	Oppose
(none)	Illinois Asset Building Group ACORN Consumer Action Americans for Fairness in Lending Consumer Federation of America Consumers Union National Association of Consumer Advocates National Consumer Law Center National Fair Housing Alliance National Community Reinvestment Coalition U.S. Public Interest Research Groups Community Financial Services Association of America Finance America of Louisiana

Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill.

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To cite this information, click a citation format for a suggestion: APA | MLA | Wikipedia Template.

{{cite web
|url=http://www.govtrack.us/congress/bill.xpd?bill=h111-1214
|title=H.R. 1214
|accessdate=Feb 10, 2010
|author=111th Congress (2009)
|date=Feb 26, 2009
|work=Legislation
|publisher=GovTrack.us
|quote=Payday Loan Reform Act of 2009
}}

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Overview

Sources of Influence