|
H.R. 1701. Rent-to-Own Contracts/Vote to Protect Consumers Against the Rent-To-Own Industry by Mandating that
Total Cost of Merchandise Cannot Exceed Twice Its Cash Price.
house Roll Call 392
Sep 18, 2002
|
Member's Vote
(progressive
or not) |
Progressive Position
|
Progressive Result
(win or loss)
|
|
During debate on legislation to impose federal rules on the rent-to-own industry, Congressman LaFalce (D-NY) offered an amendment which would have limited the total cost of a product bought through a rent-to-own contract to twice its cash price. Progressives endorsed LaFalce's proposal as a necessary consumer protection. Moreover, Progressives argued, many rent-to-own customers earn low incomes and are forced to rent because they cannot afford the cash price of the merchandise; those individuals, in the view of Progressives, should not pay an excessive amount before they are conferred ownership. The LaFalce amendment was defeated by a 184-232 margin. |
N | Y | L |
|
Issue Areas:
|
|||
| Key: Y=Yea, N=Nay, W=Win, L=Loss | |||
