Fair Debt Collection Improvement Act

Hozzl · 2025-05-05T13:53:22Z

Explore the details of House Bill 2704 Fair Debt Collection Improvement 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.

5/5/2025, 1:53 PM

Summary of Bill HR 2704

The Fair Debt Collection Improvement Act, designated as H.R. 2704 in the 119th Congress and introduced on April 8, 2025, aims to enhance regulations related to debt collection practices. The bill includes provisions geared towards improving fairness and transparency in debt collection processes, potentially introducing measures to protect consumers from predatory or abusive practices commonly associated with debt collection agencies. For further details and the full text of the bill, the official PDF version can be accessed at the provided link: https://www.congress.gov/119/bills/hr2704/BILLS-119hr2704ih.pdf.

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Current Status of Bill HR 2704

Bill HR 2704 is currently in the status of Bill Introduced since April 8, 2025. Bill HR 2704 was introduced during Congress 119 and was introduced to the House on April 8, 2025. Bill HR 2704's most recent activity was Referred to the House Committee on Financial Services. as of April 8, 2025

Bipartisan Support of Bill HR 2704

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 2704

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 2704

To amend the Fair Debt Collection Practices Act to prohibit debt collectors from collecting, or attempting to collect, on a debt of a consumer with respect to which the statute of limitations has expired, and for other purposes.