Bill Summary
This bill, called the "Fair Debt Collection Improvement Act," aims to amend the Fair Debt Collection Practices Act in order to protect consumers from debt collectors attempting to collect on a debt that is past the statute of limitations. The bill specifically prohibits debt collectors from collecting or attempting to collect on a debt that has expired, and also includes other measures for consumer protection. If enacted, this bill would be added as a new section (811A) to the Fair Debt Collection Practices Act.
Possible Impacts
1. This legislation could protect consumers from being harassed or threatened by debt collectors for debts that have passed the statute of limitations. This could have a positive impact on people's mental and emotional well-being.
2. The bill could also potentially prevent individuals from being sued for debts that are no longer legally collectible, providing them with a sense of financial security.
3. This legislation could also affect the collection practices of debt collectors, potentially causing them to change their methods and strategies in order to comply with the new law. This could have a ripple effect on the debt collection industry and could potentially lead to changes in employment and business practices.
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2704 Introduced in House (IH)]
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119th CONGRESS
1st Session
H. R. 2704
To amend the Fair Debt Collection Practices Act to prohibit debt
collectors from collecting, or attempting to collect, on a debt of a
consumer with respect to which the statute of limitations has expired,
and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 8, 2025
Mr. Cohen introduced the following bill; which was referred to the
Committee on Financial Services
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A BILL
To amend the Fair Debt Collection Practices Act to prohibit debt
collectors from collecting, or attempting to collect, on a debt of a
consumer with respect to which the statute of limitations has expired,
and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Fair Debt Collection Improvement
Act''.
SEC. 2. PROHIBITION ON COLLECTING TIME-BARRED DEBT.
(a) In General.--The Fair Debt Collection Practices Act (15 U.S.C.
1692 et seq.) is amended by inserting after section 811 the following:
``Sec. 811A. Prohibition on collecting time-barred debt
``A debt collector may not collect, or attempt to collect, any debt
of a consumer with respect to which the governing statute of
limitations has expired.''.
(b) Clerical Amendment.--The table of contents for the Fair Debt
Collection Practices Act is amended by inserting after the item
relating to section 811 the following:
``811A. Prohibition on collecting time-barred debt.''.
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