H.R.5895 - Solicitation Disclosure Act110th Congress (2007-2008)
|Sponsor:||Rep. Ackerman, Gary L. [D-NY-5] (Introduced 04/24/2008)|
|Committees:||House - Financial Services|
|Latest Action:||04/24/2008 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.5895 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (04/24/2008)
Solicitation Disclosure Act - Requires that any mailed unsolicited commercial offer for any financial product or service (including loans or other credit, insurance, debt refinancing or cancellation, mortgages, and investments) include, on the outside envelope (or if mailed without an envelope, at the top of the solicitation), the label "This Is an Unsolicited Commercial Offer From" followed by the name of the person or company making the offer. Excludes advertisements for retail consumer goods from the definition of "unsolicited commercial offer."
Provides for enforcement by the Federal Trade Commission (FTC) under the Federal Trade Commission Act and by other agencies under specified Acts.