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HR 4954 102th Congress House

Advance Fee Loan Scam Prevention Act of 1992

Official title: To prohibit the receipt of advance fees by unregulated loan brokers.

Introduced: May 26, 1992 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Commerce BrokersConsumer creditConsumer protectionCrime and Law Enforcement
More subjectsShow fewer subjects
FeesFines (Penalties)ForfeitureFraudPostal crimes
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 1992
Subcommittee Consideration and Mark-up Session Held.
May 21, 1992
Forwarded by Subcommittee to Full Committee (Amended).
May 18, 1992
Referred to the Subcommittee on Civil and Constitutional Rights.
May 4, 1992
Referred to the Subcommittee on Consumer Affairs and Coinage.
Apr 9, 1992
Referred to the House Committee on Judiciary.
Apr 9, 1992
Referred to the House Committee on Banking, Finance + Urban Affrs.
Apr 9, 1992
Introduced in House
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 Latest action May 21, 1992

Subcommittee Consideration and Mark-up Session Held.

 Plain-English summary Congressional Research Service

Advance Fee Loan Scam Prevention Act of 1992 - Prohibits the receipt of advance fees by unregulated loan brokers arranging consumer credit for individuals.

Grants the Federal Trade Commission enforcement powers under this Act. Establishes criminal and civil forfeiture penalties for violations of this Act.

 Related & companion bills 1
  • S 2578 Identical bill Advance Fee Loan Scam Prevention Act of 1992
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 5
All 5 Democratic 3
FROST, MARTIN
· Aug 10, 1992
LIPINSKI, WILLIAM
· May 26, 1992
 D
Mfume, Kweisi
Maryland · May 26, 1992
 D
Neal, Richard E.
Massachusetts · May 26, 1992
 D
Norton, Eleanor Holmes
District of Columbia · May 26, 1992
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4954: Advance Fee Loan Scam Prevention Act of 1992. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-4954/
MLA
"H.R. 4954: Advance Fee Loan Scam Prevention Act of 1992." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-4954/.
Bluebook (legal)
H.R. 4954, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-4954/.
Markdown link
[H.R. 4954: Advance Fee Loan Scam Prevention Act of 1992](https://openamerica.io/bill/102-HR-4954/)
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