Top Summary
This bill requires the Comptroller General of the United States to conduct a study on the value of trigger leads received by text message, incorporating input from state regulatory agencies, mortgage lenders, depository institutions, consumer reporting agencies, and consumers, with a report to be submitted to Congress within 12 months of the bill's enactment.
Original Bill Text:
SEC. 4.GAO study.
(a) In general.—The Comptroller General of the United States shall carry out a study on the value of trigger leads received by text message that includes input from State regulatory agencies, mortgage lenders, depository institutions (as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813)), consumer reporting agencies (as defined in section 603 of the Fair Credit Reporting Act (15 U.S.C. 1681a)), and consumers.
(b) Report.—Not later than the end of the 12-month period beginning on the date of enactment of this Act, the Comptroller General shall submit to Congress a report containing any findings and determinations made in the study required by subsection (a).
Attest:
Speaker of the House of Representatives.
Attest:
Vice President of the United States and
President of the Senate.