H.R. 1519 - American Homebuyers Protection Act

American Homebuyers Protection Act

H.R. 1519 — 110^th Congress (2007–2008)

Summary

To prohibit offering homebuilding purchase contracts that contain in a single document both a mandatory arbitration agreement and other contract provisions, to prohibit requiring purchasers to consent to a mandatory arbitration agreement as a condition precedent to entering into a homebuilding purchase contract, and to provide for the Federal Trade Commission to enforce violations of such prohibitions as unfair and deceptive acts or practices under the Federal Trade Commission Act. (by CRS)

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Title

To prohibit offering homebuilding purchase contracts that contain in a single document both a mandatory arbitration agreement and other contract provisions, to prohibit requiring purchasers to consent to a mandatory arbitration agreement as a condition precedent to entering into a homebuilding purchase contract, and to provide for the Federal Trade Commission to enforce violations of such prohibitions as unfair and deceptive acts or practices under the Federal Trade Commission Act.

Other Titles

• American Homebuyers Protection Act

Sponsor

Charles Gonzalez

Co-Sponsors

• Sheila Jackson-Lee
• Raymond Green

Subjects

• Finance
• Building construction
• Business
• Commercial arbitration
• Consumer education
• Consumer protection
• Consumers
• Contracts
• Home ownership
• Housing
• Housing finance
• Law
• Real estate business
• Restrictive trade practices

Related Bills

Major Actions

Introduced	3/14/2007
Referred to Committee

Bill History

• All Votes
• All Actions
• Amendments

There have been no votes on this bill.

	Action	Date	Description
	Introduced	3/14/2007
		3/14/2007	Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
		3/14/2007	Referred to House Financial Services
		3/14/2007	Referred to House Energy and Commerce
		3/15/2007	Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

	Number	Sponsor	Date Offered	Status