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Unfair or Deceptive Acts or Practices Uniformity Act

USA117th CongressHR-4548| House 
| Updated: 7/20/2021
Roger Williams

Roger Williams

Republican Representative

Texas

Cosponsors (11)
David Kustoff (Republican)Alexander X. Mooney (Republican)Lance Gooden (Republican)William R. Timmons (Republican)Pete Sessions (Republican)Andy Barr (Republican)Blaine Luetkemeyer (Republican)Byron Donalds (Republican)Bill Huizenga (Republican)Ted Budd (Republican)Patrick T. McHenry (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Unfair or Deceptive Acts or Practices Uniformity Act This bill eliminates the authority of the Consumer Financial Protection Bureau to take action against a person or service provider for an abusive act or practice in connection with a consumer financial product or service. Additionally, the bureau is prohibited from taking action against an unfair or deceptive act unless the bureau first consults with the primary financial regulatory agency of the person or service provider. Finally, any rulemaking made by the bureau regarding an unfair or deceptive act must comply with certain Federal Trade Commission rulemaking requirements.
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Timeline
Jul 20, 2021
Introduced in House
Jul 20, 2021
Referred to the House Committee on Financial Services.
  • July 20, 2021
    Introduced in House


  • July 20, 2021
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Unfair or Deceptive Acts or Practices Uniformity Act

USA117th CongressHR-4548| House 
| Updated: 7/20/2021
Unfair or Deceptive Acts or Practices Uniformity Act This bill eliminates the authority of the Consumer Financial Protection Bureau to take action against a person or service provider for an abusive act or practice in connection with a consumer financial product or service. Additionally, the bureau is prohibited from taking action against an unfair or deceptive act unless the bureau first consults with the primary financial regulatory agency of the person or service provider. Finally, any rulemaking made by the bureau regarding an unfair or deceptive act must comply with certain Federal Trade Commission rulemaking requirements.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 20, 2021
Introduced in House
Jul 20, 2021
Referred to the House Committee on Financial Services.
  • July 20, 2021
    Introduced in House


  • July 20, 2021
    Referred to the House Committee on Financial Services.
Roger Williams

Roger Williams

Republican Representative

Texas

Cosponsors (11)
David Kustoff (Republican)Alexander X. Mooney (Republican)Lance Gooden (Republican)William R. Timmons (Republican)Pete Sessions (Republican)Andy Barr (Republican)Blaine Luetkemeyer (Republican)Byron Donalds (Republican)Bill Huizenga (Republican)Ted Budd (Republican)Patrick T. McHenry (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted