H.R. 4501House111th Congress (2009-2011)Passed House

Guarantee of a Legitimate Deal Act of 2010

Introduced January 21, 2010

Legislative Activity

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18 earlier actions
SenateIntro Referral Latest Action

Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.

December 9, 2010

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HouseIntro Referral

Introduced in House

January 21, 2010

HouseIntro Referral

Referred to the House Committee on Energy and Commerce.

January 21, 2010

HouseCommittee

Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

January 22, 2010

HouseCommittee

Subcommittee Hearings Held.

May 13, 2010

HouseCommittee

Subcommittee Consideration and Mark-up Session Held.

June 30, 2010

HouseCommittee

Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .

June 30, 2010

HouseCommittee

Committee Consideration and Mark-up Session Held.

July 15, 2010

HouseCommittee

Ordered to be Reported (Amended) by Voice Vote.

July 15, 2010

HouseCommittee

Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 111-673.

December 7, 2010

HouseCalendars

Placed on the Union Calendar, Calendar No. 402.

December 7, 2010

HouseFloor

Mr. Weiner moved to suspend the rules and pass the bill, as amended.

December 8, 2010 • 11:23 AM

HouseFloor

Considered under suspension of the rules. (consideration: CR H8105-8107)

December 8, 2010 • 11:23 AM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on H.R. 4501.

December 8, 2010 • 11:23 AM

HouseFloor

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

December 8, 2010 • 11:30 AM

HouseFloor

Considered as unfinished business. (consideration: CR H8151)

December 8, 2010 • 4:02 PM

HouseFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 324 - 81 (Roll no. 620).(text: CR H8105-8106)

December 8, 2010 • 4:09 PM

HouseFloor

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 324 - 81 (Roll no. 620). (text: CR H8105-8106)

December 8, 2010 • 4:09 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

December 8, 2010 • 4:09 PM

SenateIntro Referral

Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.

December 9, 2010

Floor Debate

19 members

What members said about H.R. 4501 on the floor

9 Republicans10 Democrats
Tom Coburn
Sen. Tom CoburnR-OK · Mar 26, 2010

Mr. President, I ask unanimous consent that Senator Stabenow control the time from 9:30 a.m. to 10 a.m.; that I control the time from 10 a.m. to 10:30 a.m.; that Senator Stabenow control the time…

Debbie Stabenow
Sen. Debbie StabenowD-MI · Mar 26, 2010

Mr. President, I thank my colleague from Oklahoma. Mr. President, we are here today because Republicans are objecting again to critical legislation and critical problem-solving efforts that are going…

Pete Sessions
Rep. Pete SessionsR-TX-32 · Dec 8, 2010

Mr. Speaker, I want to thank the gentleman from Massachusetts (Mr. McGovern), my friend, for yielding me such time as I may consume today. And I want to thank the gentleman for the considerations…

George S. LeMieux
Sen. George S. LeMieux R-FL · Mar 26, 2010

Mr. President, I thank my friend and colleague from Alabama. Senator Sessions has been an outstanding leader on many issues but specifically on this issue of fighting against this debt. He and I…

John Barrasso
Sen. John BarrassoR-WY · Mar 26, 2010

Mr. President, it was fascinating to be here in the Senate Chamber this morning when first the Senator from Iowa made the statement, ``I'm all for paying for things.'' I am all for paying for things?…

Show 8 more
Jon Kyl
Sen. Jon KylR-AZ · Mar 26, 2010

It is easier just to say the ``other'' Senator from Arizona, given who my colleague is. First of all, I want to say that my colleague, John McCain, has been a leader in this battle for fiscal…

Carl Levin
Sen. Carl LevinD-MI · Mar 26, 2010

I wonder if Senator Chambliss might stay for 1 second so I can inform my Republican colleagues, in about 10 minutes I will be asking unanimous consent to confirm a general who has been nominated--a…

Jeff Sessions
Sen. Jeff SessionsR-AL · Mar 26, 2010

Madam President, I appreciate the leadership Senator Coburn has shown. We need to focus on the seriousness of the issue and all that is at stake--why it is important and how it can be done. It's not…

Saxby Chambliss
Sen. Saxby ChamblissR-GA · Mar 26, 2010

I thank the Senator from Oklahoma. I will be here this morning to talk about this issue. I, too, just want to say to the Senator from Michigan, it is unfortunate that the Senate has tried to be…

Tom Harkin
Sen. Tom HarkinD-IA · Mar 26, 2010

Mr. President, I thank my colleague and dear friend, Senator Stabenow, for those kind words. I know no one who cares more deeply and works harder in this body for the average American family, for the…

Ron Wyden
Sen. Ron WydenD-OR · Mar 26, 2010

Mr. President, when I have come to the floor over the last few months, I have always tried to focus on ways to bring parties together, both sides to work for common solutions--whether it's health…

Anthony D. Weiner
Rep. Anthony D. WeinerD-NY-9 · Dec 8, 2010

Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 4501) to require certain return policies from businesses that purchase precious metals from consumers and solicit such transactions…

James P. McGovern
Rep. James P. McGovernD-MA-3 · Dec 8, 2010

Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 1755 and ask for its immediate consideration. Mr. Speaker, for the purpose of debate only, I yield the customary 30…

Show 6 more
Jack Reed
Sen. Jack ReedD-RI · Mar 26, 2010

Mr. President, I thank Senator Stabenow. We are here to attempt to extend unemployment benefits for a brief period of time so Americans do not get caught up in the expiration of these benefits on…

Frank D. Lucas
Rep. Frank D. LucasR-OK-3 · Dec 8, 2010

Mr. Speaker, I rise in opposition to this rule on the continuing resolution. Mr. Speaker, among other things, I object to the inclusion of Senate language from S. 1510, the Food Safety Modernization…

Bart Stupak
Rep. Bart StupakD-MI-1 · Dec 8, 2010

Mr. Speaker, I rise in support of this rule and particularly the FDA Food Safety Modernization Act. I want to thank Chairmen Dingell, Waxman and Pallone as well as the leadership for making this…

Ed Whitfield
Rep. Ed WhitfieldR-KY-1 · Dec 8, 2010

I yield myself as much time as I may consume. I want to thank the gentleman from New York for bringing this matter to the attention of the Congress, and specifically the Energy and Commerce…

Carolyn C. Kilpatrick
Rep. Carolyn C. KilpatrickD-MI-13 · Dec 8, 2010

Mr. Speaker, I was unable to attend to the following votes. Had I been present, I would have voted ``aye'' on rollcall numbers 611, 612, 613, 614, 615, 616, 617, 618, ``aye'' on final passage of H.…

Lois Capps
Rep. Lois CappsD-CA-23 · Dec 8, 2010

Mr. Speaker, on rollcall No. 620, had I been present, I would have voted ``yea.''

Bill Text

4 versions available

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Latest
Referred in SenateIssued December 9, 2010

IIB

111th CONGRESS

2d Session

H. R. 4501

IN THE SENATE OF THE UNITED STATES

December 9, 2010

Received; read twice and referred to the Committee on Commerce, Science, and Transportation

AN ACT

To require certain return policies from businesses that purchase precious metals from consumers and solicit such transactions through an Internet website.

1.

Short title

This Act may be cited as the Guarantee of a Legitimate Deal Act of 2010.

2.

Return requirements for purchasers of precious metals

(a)

Unlawful conduct

It shall be unlawful for any purchaser of precious metals to—

(1)

sell, transfer to a third party, or refine through melting or otherwise permanently destroy an item of jewelry or precious metal before the purchaser of precious metals has received an affirmative acceptance of an offer to purchase the item for a specific price from the consumer to whom such offer was made;

(2)

fail to promptly return to the consumer any jewelry or other precious metal if the consumer declines the offer to purchase made by the purchaser of precious metals; or

(3)

fail to insure any shipment to the consumer of such jewelry or precious metals in an amount equal to—

(A)

the amount the consumer insured the shipment of the jewelry or precious metals to the purchaser of precious metals, if the consumer provides the purchaser of precious metals with proof of such insurance; or

(B)

60 percent of the melt-value of the jewelry or precious metals, if the consumer does not provide the purchaser of precious metals with proof of such insurance.

(4)

Law Enforcement Exception—Paragraph (1) of this subsection shall not prohibit the sale or transfer of any item of jewelry or precious metal to law enforcement agencies or their personnel.

(b)

Definitions

As used in this Act—

(1)

the term purchaser of precious metals means a person who is in the business of purchasing jewelry or other precious metals directly from consumers; and

(2)

the term melt-value means the reasonable estimated value of any item of jewelry or precious metal, as determined by the purchaser of precious metals, if such item were processed and refined by the purchaser of precious metals.

(c)

Regulations

The Commission may issue regulations under section 553 of title 5, United States Code, to carry out the purposes of this Act.

3.

Enforcement by the Federal Trade Commission

(a)

Unfair and deceptive act or practice

A violation of this Act or a regulation issued pursuant to this Act shall be treated as an unfair or deceptive act or practice in violation of a regulation under section 18(a)(1)(B) of the Federal Trade Commission Act (15 U.S.C. 57a(a)(1)(B)) regarding unfair or deceptive acts or practices.

(b)

Powers of commission

The Commission shall enforce this Act in the same manner, by the same means, and with the same jurisdiction, powers, and duties as though all applicable terms and provisions of the Federal Trade Commission Act (15 U.S.C. 41 et seq.) were incorporated into and made a part of this Act. Any person who violates this Act shall be subject to the penalties and entitled to the privileges and immunities provided in that Act.

4.

Effective date

The provisions of this Act shall take effect 60 days after the date of enactment of this Act.

Passed the House of Representatives December 8, 2010.

Lorraine C. Miller,

Clerk.