There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/01/1976)

Repeals the regulation promulgated by the Federal Trade Commission which subjects purchasers of notes of consumers to defenses such consumers have against the seller of goods or services to whom such consumer issued such note, and prohibits holder in due course protection for such purchasers. Prohibits the Commission from promulgating such a rule in the future.