Skip to main content
HR 6423 114th Congress House Finance and Financial Sector Alternative dispute resolution, mediation, arbitration Bank accounts, deposits, capital Consumer credit Fraud offenses and financial crimes

Justice for Victims of Fraud Act of 2016

Introduced: December 1, 2016 Introduced by: Sherman, Brad Democratic · California See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 1, 2016
Referred to the House Committee on Financial Services.
Dec 1, 2016
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

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.

What's happening now December 1, 2016

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • S 3491 Related bill Justice for Victims of Fraud Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 7
D
Johnson, Henry C. "Hank"
Georgia · Dec 6, 2016
 D
Lynch, Stephen F.
Massachusetts · Dec 6, 2016
 D
Schakowsky, Janice D.
Illinois · Dec 6, 2016
 D
Velázquez, Nydia M.
New York · Dec 6, 2016
 D
Chu, Judy
California · Dec 1, 2016
 D
Davis, Danny K.
Illinois · Dec 1, 2016
 D
Norton, Eleanor Holmes
District of Columbia · Dec 1, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6423: Justice for Victims of Fraud Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-6423/
MLA
"H.R. 6423: Justice for Victims of Fraud Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-6423/.
Bluebook (legal)
H.R. 6423, 114th Cong. (2026), https://openamerica.io/bill/114-HR-6423/.
Markdown link
[H.R. 6423: Justice for Victims of Fraud Act of 2016](https://openamerica.io/bill/114-HR-6423/)
Report a problem