United States · Bill · HR
H.R. 4501 (111th)
Guarantee of a Legitimate Deal Act of 2010
Introduced
21 January 2010
Last action
—
Status
Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.
Sponsors
—
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Guarantee of a Legitimate Deal Act of 2009 - Defines an "online purchaser of precious metals" as a person who is in the business of purchasing jewelry or other precious metals directly from consumers and maintains a website through which such person solicits such transactions. Makes it unlawful for any online purchaser of precious metals to: (1) refine or otherwise permanently destroy an item of jewelry or precious metal before receiving an affirmative acceptance of such purchaser's offer from the consumer to whom the offer was made; (2) fail to promptly return to the consumer any jewelry or other precious metal if the consumer declines the purchase offer; or (3) fail to insure any shipment in an amount equal to either 60% of the melt value or the amount the consumer insured the shipment for. Treats a violation of this Act as an unfair and deceptive act or practice under the Federal Trade Commission Act. Requires the Federal Trade Commission (FTC) to enforce this Act as though all applicable terms and provisions of that Act were incorporated into and made a part of this Act.
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Timeline
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Votes
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Versions
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Documents
10 official files
Referred in Senate (text)
Referred in Senate (text)
Referred in Senate · EN · 9 December 2010
Referred in Senate (PDF)
Referred in Senate · EN · 9 December 2010
Engrossed in House (text)
Engrossed in House · EN · 8 December 2010
Engrossed in House (PDF)
Engrossed in House · EN · 8 December 2010
Passed House amended
summary · EN · 8 December 2010
Reported in House (text)
Reported in House · EN · 7 December 2010
Reported in House (PDF)
Reported in House · EN · 7 December 2010
Introduced in House (text)
Introduced in House · EN · 21 January 2010
Introduced in House (PDF)
Introduced in House · EN · 21 January 2010
Introduced in House
summary · EN · 21 January 2010
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/house-bill/4501
- Open data entity: https://api.congress.gov/v3/bill/111/hr/4501