Consumer Fairness Act of 2002

Summary

Consumer Fairness Act of 2002 - Amends the Consumer Credit Protection Act to treat as an unfair and deceptive trade act or practice under Federal or State law any written provision in a consumer transaction or contract which requires binding arbitration to resolve a controversy arising out of or related to the transaction or contract, or the failure to perform any part. Declares such provision unenforceable. Permits a written agreement to determine an existing controversy by binding arbitration if the parties agree after the controversy has arisen.

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

Timeline

1. 18 July 2002

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 18 July 2002

   Introduced

   Sponsor introductory remarks on measure. (CR E1301)

   Source: IntroReferral

3. 18 July 2002

   Introduced

   Introduced in House

   Source: IntroReferral

4. 18 July 2002

   Introduced

   Introduced in House

   Source: IntroReferral

5. 1 August 2002

   Referred

   Referred to the Subcommittee on Financial Institutions and Consumer Credit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 July 2002 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 July 2002

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 July 2002

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 July 2002

  Open at official source

Sponsors

• LUIS GUTIERREZ · D · Sponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.