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United States · Bill · HR

H.R. 1059 (105th)

Credit Cost Reduction Act of 1997

referredUnited States· United States Congress· EN

Introduced

13 March 1997

Last action

28 March 1997 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Rep. Bachus, Spencer [R-AL-6], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Dickey, Jay [R-AR-4], Rep. Cubin, Barbara [R-WY-At Large], Rep. King, Peter T. [R-NY-2], Sen. Bunning, Jim [R-KY], Rep. Davis, Tom [R-VA-11], Rep. Neumann, Mark W. [R-WI-1], Rep. Oxley, Michael G. [R-OH-4], Rep. Wamp, Zach [R-TN-3], Rep. LaHood, Ray [R-IL-18], Rep. McInnis, Scott [R-CO-3], Rep. LaTourette, Steven C. [R-OH-14], Rep. Collins, Mac [R-GA-3], Rep. Ewing, Thomas W. [R-IL-15], Rep. Linder, John [R-GA-7], Rep. Hefley, Joel [R-CO-5], Sen. Talent, Jim [R-MO], Rep. Barcia, James A. [D-MI-5], Rep. Cook, Merrill [R-UT-2], Rep. Hoekstra, Peter [R-MI-2], Rep. Weldon, Dave [R-FL-15], Rep. Hastert, J. Dennis [R-IL-14], Rep. Klug, Scott L. [R-WI-2], Rep. Horn, Stephen [R-CA-38], Rep. Weller, Jerry [R-IL-11], Rep. Hyde, Henry J. [R-IL-6], Rep. Ramstad, Jim [R-MN-3], Rep. Riggs, Frank [R-CA-1], Rep. Fawell, Harris W. [R-IL-13], Rep. Lewis, Ron [R-KY-2], Rep. Souder, Mark E. [R-IN-3], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Dreier, David [R-CA-26], Rep. Barr, Bob [R-GA-7], Rep. Calvert, Ken [R-CA-41], Rep. Schaefer, Dan [R-CO-6], Rep. Petri, Thomas E. [R-WI-6], Rep. Goodling, William F. [R-PA-19], Rep. Bliley, Tom [R-VA-7], Rep. Spence, Floyd [R-SC-2], Rep. Kelly, Sue W. [R-NY-19], Rep. Hastings, Doc [R-WA-4], Rep. Bilbray, Brian P. [R-CA-50], Rep. Lazio, Rick [R-NY-2], Rep. Metcalf, Jack [R-WA-2], Rep. Aderholt, Robert B. [R-AL-4], Rep. Cannon, Chris [R-UT-3]

Subjects

Discovery layer

Source updated

21 August 2025

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Summary

Credit Cost Reduction Act of 1997 - Amends the Fair Debt Collection Practices Act to exempt from its coverage communications involving: (1) actions taken pursuant to either Federal or State Rules of Civil Procedure; or (2) a nonjudicial foreclosure. Permits collection activities and communications to continue during the 30-day period following the initial notice of debt by the debt collector to the debtor. Modifies civil liability guidelines with respect to: (1) class action awards; (2) attorney's fees to enforce civil liability; (3) plaintiff's attorney's fees; (4) disallowance of certain fees accruing after refusal of settlement offer; and (5) factors for court consideration in determining the amount of debt collector liability for noncompliance with such Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 March 1997

    Introduced

    Referred to the House Committee on Banking and Financial Services.

    Source: IntroReferral

  2. 13 March 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 March 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 28 March 1997

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 13 March 1997

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  • Introduced in House (PDF)

    Introduced in House · EN · 13 March 1997

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  • Introduced in House

    summary · EN · 13 March 1997

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Sponsors

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Related records

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Sources

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