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114-hr-6423114th Congress

Justice for Victims of Fraud Act of 2016

Sponsored By: Representative Sherman, Brad [D-CA-32]

Unknown

Summary

Justice for Victims of Fraud Act of 2016 This bill amends the Truth in Lending Act and the Electronic Fund Transfer Act to prohibit predispute arbitration agreements with consumers (i.e., agreements to arbitrate any future disputes between parties instead of pursuing the claims in court) from being valid or enforceable in disputes related to credit card accounts or personal bank accounts that are not subject to a final judgment by a court if the credit card or bank account was not issued in response to a request or application for that account. The bill excludes from this prohibition accounts held by a financial institution pursuant to a bona fide trust agreement.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Sherman, Brad [D-CA-32]

CA • D

Cosponsors

  • JOHN CONYERS

    MI • D

    Sponsored 12/1/2016

  • MICHAEL CAPUANO

    MA • D

    Sponsored 12/1/2016

  • Rep. Chu, Judy [D-CA-28]

    CA • D

    Sponsored 12/1/2016

  • Rep. Napolitano, Grace F. [D-CA-31]

    CA • D

    Sponsored 12/1/2016

  • Rep. Edwards, Donna F. [D-MD-4]

    MD • D

    Sponsored 12/1/2016

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 12/1/2016

  • Rep. Davis, Danny K. [D-IL-7]

    IL • D

    Sponsored 12/1/2016

  • Rep. Lawrence, Brenda L. [D-MI-14]

    MI • D

    Sponsored 12/1/2016

  • Rep. Cartwright, Matt [D-PA-8]

    PA • D

    Sponsored 12/1/2016

  • Rep. Grijalva, Raúl M. [D-AZ-7]

    AZ • D

    Sponsored 12/1/2016

  • Rep. Johnson, Henry C. "Hank" [D-GA-4]

    GA • D

    Sponsored 12/6/2016

  • Rep. Lynch, Stephen F. [D-MA-8]

    MA • D

    Sponsored 12/6/2016

  • Rep. Velázquez, Nydia M. [D-NY-7]

    NY • D

    Sponsored 12/6/2016

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 12/6/2016

Roll Call Votes

No roll call votes available for this bill.

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