A bill to amend the Equal Credit Opportunity Act.

referredUnited States· United States Congress· EN

Introduced

23 July 1985

Last action

23 July 1985 · Introduced

Status

Read twice and referred to the Committee on Banking.

Sponsors

Sen. Dole, Robert J. [R-KS], Sen. Byrd, Robert C. [D-WV], Sen. Durenberger, Dave [R-MN], Sen. Hart, Gary W. [D-CO], Sen. Hatfield, Mark O. [R-OR], Sen. Cranston, Alan [D-CA], Sen. Packwood, Bob [R-OR], Sen. Kennedy, Edward M. [D-MA], Sen. Evans, Daniel J. [R-WA], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Gorton, Slade [R-WA], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Specter, Arlen [R-PA], Sen. Burdick, Quentin N. [D-ND], Sen. D'Amato, Alfonse [R-NY], Sen. Matsunaga, Spark M. [D-HI], Sen. Boschwitz, Rudy [R-MN], Sen. Melcher, John [D-MT], Sen. Kerry, John F. [D-MA], Sen. Heinz, John [R-PA], Sen. Stevens, Ted [R-AK], Sen. Hawkins, Paula [R-FL], Sen. Harkin, Tom [D-IA], Sen. Levin, Carl [D-MI]

Subjects

Discovery layer

Source updated

14 January 2025

Official source View documents Share

Summary

Amends the Equal Credit Opportunity Act to prohibit the Board of Governors of the Federal Reserve System from exempting from such Act any class of credit transactions that are primarily for personal, family, or household purposes. Permits the Board to exempt (for five years) a type or class of business or commercial transactions only after determining that application of such Act to such transactions would not contribute substantially to effecting the purposes of such Act.

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

Timeline

23 July 1985
Introduced
Read twice and referred to the Committee on Banking.
Source: IntroReferral
23 July 1985
Introduced
Introduced in Senate
Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Introduced in Senate
summary · EN · 23 July 1985
Open at official source

Related records

related to → A bill to amend the Equal Credit Opportunity Act.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/99th-congress/senate-bill/1486
Open data entity: https://api.congress.gov/v3/bill/99/s/1486
us · 99-s-1486 · source updated 14 January 2025