S.Amdt. 3014
What it does: Adds SEC. 655. ENFORCEMENT OF PROTECTIONS ON CONSUMER CREDIT FOR MEMBERS OF THE ARMED FORCES AND THEIR DEPENDENTS at the end of subtitle E of title VI
Sen. Jack Reed (D-RI)What it changes
1 change to S. 3254 · shown in the bill's text
Adds SEC. 655. ENFORCEMENT OF PROTECTIONS ON CONSUMER CREDIT FOR MEMBERS OF THE ARMED FORCES AND THEIR DEPENDENTS at the end of subtitle E of title VI
Adds a sectionIn S. 3254 · Placed on Calendar Senate
"(2) Dependent.--The term 'dependent', with respect to a covered member, has the meaning given that term in section 401(a) of title 37.".
Inserted: SEC. 655. ENFORCEMENT OF PROTECTIONS ON CONSUMER CREDIT FOR MEMBERS OF THE ARMED FORCES AND THEIR DEPENDENTS.
Inserted: Section 987(f) of title 10, United States Code, as amended by section 653 of this Act, is further amended by adding at the end the following new paragraph:
Inserted: "(6) Enforcement.--The provisions of this section (other than paragraph (1) of this subsection) shall be enforced as follows:
Inserted: "(A) By the agencies specified in section 108 of the Truth in Lending Act (15 U.S.C. 1607) in the manner set forth in that section or as set forth under any other applicable authorities available to such agencies by law.
Inserted: "(B) By the attorneys general of the States or State regulators in accordance with section 1042 of the Consumer Financial Protection Act (12 U.S.C. 5552).".
Original wording
At the end of subtitle E of title VI, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 3014. Mr. REED submitted an amendment intended to be proposed by him to the bill S. 3254, to authorize appropriations for fiscal year 2013 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle E of title VI, add the following:
SEC. 655. ENFORCEMENT OF PROTECTIONS ON CONSUMER CREDIT FOR MEMBERS OF THE ARMED FORCES AND THEIR DEPENDENTS.
Section 987(f) of title 10, United States Code, as amended by section 653 of this Act, is further amended by adding at the end the following new paragraph:
“(6) Enforcement.--The provisions of this section (other than paragraph (1) of this subsection) shall be enforced as follows:
“(A) By the agencies specified in section 108 of the Truth in Lending Act (15 U.S.C. 1607) in the manner set forth in that section or as set forth under any other applicable authorities available to such agencies by law.
“(B) By the attorneys general of the States or State regulators in accordance with section 1042 of the Consumer Financial Protection Act (12 U.S.C. 5552).”.
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Senate amendment submitted
November 27, 2012
Amendments
2 amendmentsOffered to this amendment
Amendments
2 amendmentsOffered to this amendment