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106th Congress > House > Vote 937
Clerk session vote number: 331
Sponsor: SHAW, Eugene Clay, Jr. (R-FL)
Description: Expressing the sense of the Congress that the States should more closely regulate title pawn transactions and outlaw the imposition of usurious interest rates on title loans to consumers
Bill summary: Expresses the sense of Congress that the Federal Government and the States should: (1) engage in greater oversight of title loan and title pawn transactions; (2) work cooperatively to address the problem of abuses in title loan and title pawn transactions through effective legislation at both the Federal and State level, as necessary, including by prohibiting title pawn transactions and prohibiting usurious interest rates in title loan transactions; and (3) ensure that any Federal legislative
effort preserves the ability of the States to enact stronger protections for consumers with respect to such transactions.
Bill titles: Expressing the sense of the Congress that the Federal Government and the States should engage in greater oversight of title loan and title pawn transactions, work cooperatively to address the problem of abuses in title loan and title pawn transactions through effective legislation at both the Federal and State level, as necessary, and ensure that any Federal legislative effort preserves the ability of the States to enact stronger protections for consumers with respect to such transactions.; Expressing the sense of the Congress that the States should more closely regulate title pawn transactions and outlaw the imposition of usurious interest rates on title loans to consumers.
Links for more info on the vote: congress.gov