What: All Issues : Making Government Work for Everyone, Not Just the Rich or Powerful : Consumer Protection : 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.
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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
Y = Conservative
N = Progressive
Winning Side:
Conservative

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.

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