SCAM Debt Act

Hozzl · 2022-02-09T00:10:46Z

Explore the details of House Bill 5934 SCAM Debt 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.

2/9/2022, 12:10 AM

Congressional Summary of HR 5934

Securing Consumers Against Misrepresented Debt Act of 2020 or the SCAM Debt Act

This bill provides additional requirements for debt collectors when taking legal action to collect a debt. Among other things, debt collectors must provide advance notice to the consumer of the intent to take legal action, and provide in the initial pleading certain evidence regarding the debt and a sworn affidavit stating that the statute of limitations has not expired.

The bill also sets forth additional information a debt collector must provide to a consumer regarding the debt.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 5934

Bill HR 5934 is currently in the status of Bill Introduced since February 21, 2020. Bill HR 5934 was introduced during Congress 116 and was introduced to the House on February 21, 2020. Bill HR 5934's most recent activity was Referred to the House Committee on Financial Services. as of February 21, 2020

Bipartisan Support of Bill HR 5934

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 5934

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Alternative dispute resolution, mediation, arbitration

- Civil actions and liability

- Debt collection

Alternate Title(s) of Bill HR 5934

SCAM Debt Act

To amend the Fair Debt Collection Practices Act to safeguard access to information for consumers and to stop abusive debt litigation, and for other purposes.

SCAM Debt Act

Securing Consumers Against Misrepresented Debt Act of 2020