Fair Debt Collection Practices for Servicemembers Act

House Bill 5003 - Fair Debt Collection Practices for Servicemembers Act: Overview, Status, and Impact

Hozzl · 2022-11-01T01:02:16Z

Explore the details of House Bill 5003 Fair Debt Collection Practices for Servicemembers Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

11/1/2022, 1:02 AM

Congressional Summary of HR 5003

Fair Debt Collection Practices for Servicemembers Act

This bill prohibits a debt collector from representing to servicemembers that failure to cooperate with a debt collector will result in a reduction of rank, a revocation of security clearance, or military prosecution. The Government Accountability Office must report on the impact of this prohibition on the timely delivery of information to servicemembers, military readiness, and national security.

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Current Status of Bill HR 5003

Bill HR 5003 is currently in the status of Bill Introduced since November 8, 2019. Bill HR 5003 was introduced during Congress 116 and was introduced to the House on November 8, 2019. Bill HR 5003's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 3, 2020

Bipartisan Support of Bill HR 5003

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5003

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Congressional oversight

- Consumer credit

- Criminal investigation, prosecution, interrogation

- Debt collection

- Government studies and investigations

- Intelligence activities, surveillance, classified information

- Military law

- Military personnel and dependents

- Military readiness

- National Guard and reserves

Alternate Title(s) of Bill HR 5003

Fair Debt Collection Practices for Servicemembers Act

To amend the Fair Debt Collection Practices Act to provide enhanced protection against debt collector harassment of members of the Armed Forces, and for other purposes.

Fair Debt Collection Practices for Servicemembers Act