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H.R. 5001: Non-Judicial Foreclosure Debt Collection Clarification Act

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To amend the Fair Debt Collection Practices Act to clarify that the definition of a debt collector includes, in all cases, a person in a business the principal purpose of which is the enforcement of security interests.

The bill’s titles are written by its sponsor.

Sponsor and status

Lacy Clay Jr.

Sponsor. Representative for Missouri's 1st congressional district. Democrat.

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Last Updated: Nov 8, 2019
Length: 2 pages
Introduced
Nov 8, 2019
116th Congress (2019–2021)
Status

Ordered Reported on Nov 14, 2019

The committees assigned to this bill sent it to the House or Senate as a whole for consideration on November 14, 2019.

Prognosis
3% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What stakeholders are saying

R Street Institute SpendingTracker.org estimates new spending due to H.R. 5001 will be negligible.

History

Nov 8, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Nov 13, 2019
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Nov 14, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

If this bill has further action, the following steps may occur next:
 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 5001 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 5001. This is the one from the 116th Congress.

How to cite this information.

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“H.R. 5001 — 116th Congress: Non-Judicial Foreclosure Debt Collection Clarification Act.” www.GovTrack.us. 2019. November 24, 2020 <https://www.govtrack.us/congress/bills/116/hr5001>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.