Consumer Leasing Act of 1976

Summary

Truth in Leasing Act - Declares it the purpose of this Act to assure a meaningful disclosure of the terms of leases of personal property so as to enable the lessee to compare more readily the various lease and credit terms available to him, to limit balloon payments, and to assure meaningful and accurate disclosures of lease terms in advertisements. Requires, under the Truth in Lending Act, the lessor of personal property to give to the lessee, prior to the consummation of the lease, a dated written statement on which the lessor and lessee are identified setting out in a clear conspicuous manner the terms of the lease, as specified by this Act. Imposes specified limitations upon consumer lease advertising. Makes a lessor who violates the provisions of this Act civilly liable to the lessee. Enumerates damage limitations and defenses for the lessor.

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

Timeline

1. 23 July 1975

   Introduced

   Referred to House Committee on Banking, Currency and Housing.

   Source: IntroReferral

2. 23 July 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 July 1975

   Introduced

   Introduced in House

   Source: IntroReferral

4. 8 October 1975

   Reported

   Reported to House from the Committee on Banking, Currency and Housing with amendment, H. Rept. 94-544.

   Source: Committee

5. 8 October 1975

   Reported

   Reported to House from the Committee on Banking, Currency and Housing with amendment, H. Rept. 94-544.

   Source: Committee

6. 20 October 1975

   Reported

   Reported to House from the Committee on Banking, Currency and Housing, H. Rept. 94-544 (Part II).

   Source: Committee

7. 20 October 1975

   Reported

   Reported to House from the Committee on Banking, Currency and Housing, H. Rept. 94-544 (Part II).

   Source: Committee

8. 28 October 1975

   Vote

   Measure passed House, amended, roll call #643 (339-41).

   Source: Floor

9. 28 October 1975

   Vote

   Passed/agreed to in House: Measure passed House, amended, roll call #643 (339-41).

   Source: Floor

10. 28 October 1975

    Floor

    Measure called up by special rule in House.

    Source: Floor

11. 29 October 1975

    Introduced

    Referred to Senate Committee on Banking, Housing and Urban Affairs.

    Source: IntroReferral

12. 21 January 1976

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs with amendment, S. Rept. 94-590.

    Source: Committee

13. 21 January 1976

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs with amendment, S. Rept. 94-590.

    Source: Committee

14. 2 February 1976

    Floor

    Measure called up by unanimous consent in Senate.

    Source: Floor

15. 2 February 1976

    Passed

    Passed/agreed to in Senate: Measure passed Senate, amended.

    Source: Floor

16. 18 February 1976

    ResolvingDifferences

    Conference scheduled in House.

    Source: ResolvingDifferences

17. 19 February 1976

    ResolvingDifferences

    Conference scheduled in Senate.

    Source: ResolvingDifferences

18. 4 March 1976

    ResolvingDifferences

    Conference report filed in House, H. Rept. 94-872.

    Source: ResolvingDifferences

19. 4 March 1976

    ResolvingDifferences

    Conference report filed: Conference report filed in House, H. Rept. 94-872.

    Source: ResolvingDifferences

20. 9 March 1976

    ResolvingDifferences

    Conference report filed in Senate, S. Rept. 94-686.

    Source: ResolvingDifferences

21. 9 March 1976

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report.

    Source: ResolvingDifferences

22. 9 March 1976

    Passed

    House agreed to conference report.

    Source: ResolvingDifferences

23. 9 March 1976

    Passed

    Conference report agreed to in House: House agreed to conference report.

    Source: ResolvingDifferences

24. 9 March 1976

    ResolvingDifferences

    Conference report filed: Conference report filed in Senate, S. Rept. 94-686.

    Source: ResolvingDifferences

25. 11 March 1976

    Floor

    Measure presented to President.

    Source: Floor

26. 11 March 1976

    President

    Measure presented to President.

    Source: President

27. 11 March 1976

    President

    Measure enrolled in Senate.

    Source: President

28. 11 March 1976

    President

    Measure enrolled in House.

    Source: President

29. 23 March 1976

    President

    Public law 94-240.

    Source: President

30. 23 March 1976

    Became law

    Signed by President.

    Source: BecameLaw

31. 23 March 1976

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 24 March 1976

  ViewDownloadOpen at official source

• Conference report filed in House

  summary · EN · 4 March 1976

  Open at official source

• Introduced in House

  summary · EN · 23 July 1975

  Open at official source

Sponsors

• Rep. Annunzio, Frank [D-IL-11] · D · Sponsor
• Rep. Barrett, William A. [D-PA-1] · D · Cosponsor
• Del. Fauntroy, Walter E. [D-DC-At Large] · D · Cosponsor
• Rep. Fenwick, Millicent H. [R-NJ-5] · R · Cosponsor
• Rep. Gonzalez, Henry B. [D-TX-20] · D · Cosponsor
• Rep. Neal, Stephen L. [D-NC-5] · D · Cosponsor
• Rep. Spellman, Gladys Noon [D-MD-5] · D · Cosponsor
• Rep. Sullivan, Leonor K. (Mrs. John B.) [D-MO-3] · D · Cosponsor
• Rep. Wylie, Chalmers P. [R-OH-15] · R · Cosponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → Resolution providing for the consideration of H.R. 8835. A bill to amend the Truth in Lending Act to protect consumers against inadequate and misleading leasing information, assure meaningful disclosure of lease terms, and limit ultimate liability in connection with leasing of personal property primarily for personal, family, or household purposes.