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H.R. 4540 — Consumer Automobile Lease Advertising Improvement Act of 2000 | PoliFocus

H.R. 4540106th Congress

Consumer Automobile Lease Advertising Improvement Act of 2000

To amend the Consumer Credit Protection Act to enhance the advertising of the terms and costs of consumer automobile leases, to permit consumer comparison of advertised lease offerings, and for other purposes.

Subjects

Commerce

Summary

Consumer Automobile Lease Advertising Act of 2000 - Amends the Consumer Credit Protection Act to increase from $25,000 to $50,000 the maximum amount of a contractual obligation of a consumer lease to which the Act applies. Mandates annual adjustment of such limit based upon changes reported in the Consumer Price Index by the Department of Labor.

Prescribes additional lease advertising disclosure requirements for advertising.

Sets forth provisions applicable to automobile leasing advertising.

Full Text

Legislative Actions

2000-05-25
Introduced in House
2000-05-25
Introduced in House
2000-05-25
Sponsor introductory remarks on measure. (CR E847-849)
2000-05-25
Referred to the House Committee on Banking and Financial Services.
2000-06-09
Referred to the Subcommittee on Financial Institutions and Consumer Credit.

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