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   &lt;pre&gt;[Congressional Record Volume 167, Number 31 (Thursday, February 18, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. LYNCH:H.R. 1151.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. Constitution[Page H537]&lt;/pre&gt;
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     Financial Services Committee
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     Referred to the House Committee on Financial Services.
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     Rep. Lynch, Stephen F. [D-MA-8]
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    <firstName>
     Stephen
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    <lastName>
     Lynch
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     D
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     MA
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      Appropriations
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    <item>
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      Cardiovascular and respiratory health
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    <item>
     <name>
      Consumer credit
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    <item>
     <name>
      Debt collection
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    <item>
     <name>
      Emergency medical services and trauma care
     </name>
    </item>
    <item>
     <name>
      Government trust funds
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    </item>
    <item>
     <name>
      Infectious and parasitic diseases
     </name>
    </item>
    <item>
     <name>
      Interest, dividends, interest rates
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    </item>
    <item>
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      Temporary and part-time employment
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     2021-02-18
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     Introduced in House
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     2021-04-07T18:14:46Z
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     &lt;p&gt;&lt;b&gt;Consumer Protection Relief Fund Act or the CPR Fund Act &lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill establishes the Consumer Protection Relief Fund for the purpose of repaying certain loans owed by vulnerable borrowers who are experiencing financial difficulty due to the impact of COVID-19 (i.e., coronavirus disease 2019). To qualify for repayment, the holder of the loan must &lt;/p&gt; &lt;ul&gt; &lt;li&gt;commit to issuing or purchasing other loans to vulnerable borrowers in an amount at least equal to the payment received, &lt;/li&gt; &lt;li&gt;forgive the borrower's remaining loan balance, and &lt;/li&gt; &lt;li&gt;terminate any negative reporting to consumer reporting agencies with respect to the borrower's loan. &lt;/li&gt; &lt;/ul&gt; &lt;p&gt;A loan must be a closed-end installment loan&amp;#8212;a loan extended at a set amount and repaid by the borrower with a fixed amount over a limited number of payment periods&amp;#8212;to qualify for repayment. However, the bill excludes from eligibility a student, auto, or mortgage loan. &lt;/p&gt; &lt;p&gt;Aggregate payments with respect to a borrower may not exceed $9,500. &lt;/p&gt;
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   CPR Fund Act
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     CPR Fund Act
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     To establish a Consumer Protection Relief Fund to empower lenders to deploy credit to vulnerable borrowers needing access to credit as a result of the COVID-19 pandemic.
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     Introduced in House
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     CPR Fund Act
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     Introduced in House
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     Introduced in House
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     2021-02-18T05:00:00Z
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    2021-02-18
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    Referred to the House Committee on Financial Services.
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   Congressional Research Service, Library of Congress
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-02-18
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-02-18
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-02-18
9
Library of Congress
Introduced in House
IntroReferral
2021-02-18T17:39:50Z
Referred to
House
Financial Services Committee
hsba00
Standing
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-02-18
2021-02-18
Referred to the House Committee on Financial Services.
House
Finance and Financial Sector
L000562
8
Stephen
Rep. Lynch, Stephen F. [D-MA-8]
N
Lynch
F.
D
MA
Appropriations Cardiovascular and respiratory health Consumer credit Debt collection Emergency medical services and trauma care Government trust funds Infectious and parasitic diseases Interest, dividends, interest rates Temporary and part-time employment
2021-02-18
Introduced in House
 <p><b>Consumer Protection Relief Fund Act or the CPR Fund Act </b></p> <p>This bill establishes the Consumer Protection Relief Fund for the purpose of repaying certain loans owed by vulnerable borrowers who are experiencing financial difficulty due to the impact of COVID-19 (i.e., coronavirus disease 2019). To qualify for repayment, the holder of the loan must </p> <ul> <li>commit to issuing or purchasing other loans to vulnerable borrowers in an amount at least equal to the payment received, </li> <li>forgive the borrower's remaining loan balance, and </li> <li>terminate any negative reporting to consumer reporting agencies with respect to the borrower's loan. </li> </ul> <p>A loan must be a closed-end installment loan&#8212;a loan extended at a set amount and repaid by the borrower with a fixed amount over a limited number of payment periods&#8212;to qualify for repayment. However, the bill excludes from eligibility a student, auto, or mortgage loan. </p> <p>Aggregate payments with respect to a borrower may not exceed $9,500. </p>
2021-04-07T18:14:46Z
00
2021-02-18T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr1151ih/xml/BILLS-117hr1151ih.xml
CPR Fund Act
CPR Fund Act
Display Title
IH
Introduced in House
To establish a Consumer Protection Relief Fund to empower lenders to deploy credit to vulnerable borrowers needing access to credit as a result of the COVID-19 pandemic.
Official Title as Introduced
IH
Introduced in House
CPR Fund Act
Short Title(s) as Introduced
IH
Introduced in House
Consumer Protection Relief Fund Act
Short Title(s) as Introduced
HR
2023-01-11T13:47:20Z
2023-01-11T13:47:20Z
3.0.0
H11100
2021-02-18
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-02-18
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-02-18
9
Library of Congress
Introduced in House
IntroReferral
L000562
8
Stephen
Rep. Lynch, Stephen F. [D-MA-8]
N
Lynch
F.
D
MA
Appropriations Cardiovascular and respiratory health Consumer credit Debt collection Emergency medical services and trauma care Government trust funds Infectious and parasitic diseases Interest, dividends, interest rates Temporary and part-time employment
2021-02-18
Introduced in House
 <p><b>Consumer Protection Relief Fund Act or the CPR Fund Act </b></p> <p>This bill establishes the Consumer Protection Relief Fund for the purpose of repaying certain loans owed by vulnerable borrowers who are experiencing financial difficulty due to the impact of COVID-19 (i.e., coronavirus disease 2019). To qualify for repayment, the holder of the loan must </p> <ul> <li>commit to issuing or purchasing other loans to vulnerable borrowers in an amount at least equal to the payment received, </li> <li>forgive the borrower's remaining loan balance, and </li> <li>terminate any negative reporting to consumer reporting agencies with respect to the borrower's loan. </li> </ul> <p>A loan must be a closed-end installment loan&#8212;a loan extended at a set amount and repaid by the borrower with a fixed amount over a limited number of payment periods&#8212;to qualify for repayment. However, the bill excludes from eligibility a student, auto, or mortgage loan. </p> <p>Aggregate payments with respect to a borrower may not exceed $9,500. </p>
2021-04-07T18:14:46Z
00
CPR Fund Act
CPR Fund Act
Display Title
IH
Introduced in House
To establish a Consumer Protection Relief Fund to empower lenders to deploy credit to vulnerable borrowers needing access to credit as a result of the COVID-19 pandemic.
Official Title as Introduced
IH
Introduced in House
CPR Fund Act
Short Title(s) as Introduced
IH
Introduced in House
Consumer Protection Relief Fund Act
Short Title(s) as Introduced
2021-02-18
Referred to the House Committee on Financial Services.