Summary: H.R.1575 — 99th Congress (1985-1986)All Information (Except Text)

There is one summary for H.R.1575. Bill summaries are authored by CRS.

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Introduced in House (03/19/1985)

Amends the Equal Credit Opportunity Act to prohibit the Board of Governors of the Federal Reserve System from exempting from such Act any class of credit transactions that are primarily for personal, family, or household purposes. Permits the Board to exempt (for five years) a type or class of business or commercial transactions only after determining that application of such Act to such transactions would not contribute substantially to effecting the purposes of such Act.