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H.R. 4501: Guarantee of a Legitimate Deal Act of 2010

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H.R. 4501: Guarantee of a Legitimate Deal Act of 2010

111th Congress · introduced 2010-01-21 · Commerce · Latest: Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2010-01-21 · official record
  2. Who proposed it: Rep. Weiner, Anthony D. [D-NY-9] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 620 (2010): On Motion to Suspend the Rules and Pass, as Amended, HR4501 (2010-12-08), Passed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Guarantee of a Legitimate Deal Act of 2010

Plain summary

Guarantee of a Legitimate Deal Act of 2010 - Prohibits any purchaser of precious metals from: (1) selling, transfering to a third party, or refining through melting or otherwise permanently destroying an item of jewelry or precious metal before the purchaser has received an affirmative acceptance of an offer to purchase the item from the consumer at a specific price; (2) failing to promptly return any jewelry or other precious metal if the consumer declines the offer; or (3) failing to adequately insure any return shipment. Exempts a sale or transfer to law enforcement agencies. Deems a violation of this Act as an unfair or deceptive act or practice under the Federal Trade Commission Act. Gives the Federal Trade Commission (FTC) authority to enforce these provisions. Makes this Act effective 60 days after enactment.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Guarantee of a Legitimate Deal Act of 2010

Source: Congressional Research Service summary (Passed House amended)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Weiner, Anthony D. [D-NY-9] · 0 cosponsors

Cost estimate: CBO cost estimate: H.R. 4501, Guarantee of a Legitimate Deal Act of 2010 (2010-09-02); CBO cost estimate: H.R. 4501, Guarantee of a Legitimate Deal Act of 2010 (2010-09-02)

Recorded votes

Sources

Record fed-us-cong111-hr4501 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111