CAP Act of 2025

House Bill

H.R. 4743

119th Congress

CAP Act of 2025

In Committee

Introduced:Jul 23, 2025

Primary Sponsor

Kweisi Mfume

Representative

Democratic

MD-7

Cosponsors

7

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill aims to help older consumers by requiring creditors to set up a hotline where people 50 and older can get live assistance in English or Spanish to resolve billing errors and prevent fraud.

Latest Action

Referred to the House Committee on Financial Services.

SponsorKweisi Mfume (D-MD)

Introduced7/23/2025

StatusReferred to the House Committee on the Judiciary.

ChamberHouse

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Vote Prediction

CAP Act of 2025

This bill aims to help older consumers by requiring creditors to set up a hotline where people 50 and older can get live assistance in English or Spanish to resolve billing errors and prevent fraud.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill aims to help older consumers by requiring creditors to set up a hotline where people 50 and older can get live assistance in English or Spanish to resolve billing errors and prevent fraud.

Bill Number: 4743
Sponsor: Kweisi Mfume (D-MD)
Introduced: 7/23/2025
Status: Referred to the House Committee on the Judiciary.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: CAP Act of 2025
Bill Number: 4743
Sponsor: Kweisi Mfume (D-MD)
Status: Referred to the House Committee on the Judiciary.
Introduced: 7/23/2025
Summary: This bill aims to help older consumers by requiring creditors to set up a hotline where people 50 and older can get live assistance in English or Spanish to resolve billing errors and prevent fraud.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to help older consumers by requiring creditors to set up a hotline where people 50 and older can get live assistance in English or Spanish to resolve billing errors and prevent fraud.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Reporting Instances of Non-authorized Grift Act of 2023 or the RING Act of 2023 This bill requires creditors to establish a hotline for assisting consumers who are 50 years of age or older to resolve billing errors and mitigate fraud. Consumers who call the hotline must have the option to receive assistance from a live English- or Spanish-speaking individual and not from an automated system.

Key Points

Main provisions of the bill

Requires creditors to establish a hotline for consumers 50+ to get live help in English or Spanish to fix billing issues and stop fraud
Consumers must have the option to talk to a live person, not just an automated system
Focuses on protecting older adults who may be more vulnerable to financial scams and errors

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would provide an important resource for older Americans who may need extra help managing their finances and protecting themselves from fraud. This could help seniors avoid costly mistakes and prevent them from being taken advantage of by scammers.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4743, 119th Congress (2025). "CAP Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4743

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