H.R. 1588 · 112th Congress · 2011–2012
Consumer Rental Purchase Agreement Act
H.R. 1588 in the 112th Congress (2011–2012) was introduced on Apr 15, 2011, sponsored by Francisco "Quico" Canseco with 114 co-sponsors.
During the 112th Congress (2011–2012), Barack Obama was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Apr 15, 2011
- Co-sponsors
- 114
- Policy area
- Finance and Financial Sector
What it does
Consumer Rental Purchase Agreement Act - (Sec. 3) Amends the Consumer Credit Protection Act to prescribe consumer protection guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost and a payment schedule; (2) disclosure requirements; (3) prohibitions against confessions of judgment, wage assignments, waiver of consumer claims or defenses, and other specified kinds of provisions; (4…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Francisco "Quico" Canseco (R-TX). Co-sponsors: 23 Democrats, 91 Republicans.
Where it stands
- IntroducedApr 15, 2011
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Placed on the Union Calendar, Calendar No. 405. (Jun 29, 2012)
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Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 1588 (112th Congress): Consumer Rental Purchase Agreement Act,” https://www.capitolreceipts.com/bill/112-hr-1588/consumer-rental-purchase-agreement-act (accessed 2026-10-17).