A bill to prohibit the Federal Trade Commission from promulgating trade regulation rules which repeal or limit use of holder in due course defenses in connection with the sale or lease of goods or services to consumers.

referredUnited States· United States Congress· EN

Introduced

23 June 1976

Last action

—

Status

Referred to House Committee on Interstate and Foreign Commerce.

Summary

Repeals the regulation promulgated by the Federal Trade Commission which subjects purchasers of notes of consumers to defenses such consumers have against the seller of goods or services to whom such consumer issued such note, and prohibits holder in due course protection for such purchasers. Prohibits the Commission from promulgating such a rule in the future.

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Documents

1 official file

Introduced in House
summary · EN · 23 June 1976
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/94th-congress/house-bill/14531
Open data entity: https://api.congress.gov/v3/bill/94/hr/14531