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Bill Payment Grace Period Act of 2001

Introduced: March 7, 2002 Introduced by: Sherman, Brad Democratic · California See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2002
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 7, 2002
Referred to the House Committee on Financial Services.
Mar 7, 2002
Introduced in House
 Plain-English summary Congressional Research Service
Bill Payment Grace Period Act of 2001 - Amends the Fair Debt Collection Practices Act to prohibit creditors from taking action that is adverse to the interests of a consumer with respect to certain payments that are due in or shortly after the period of a disruption of the mail resulting from a national emergency.

Authorizes the Secretary of the Treasury to designate (and extend up to seven additional days) a grace period for the making of debt payments by mail in such circumstances.

What's happening now March 18, 2002

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2