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1252758
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3/23/76 - Remarks Upon the Signing of Anti-Discriminatory Amendments to the Consumer Credit Protection Act, and the Signing of the Consumer Leasing Act of 1976
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1252758
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document
title
3/23/76 - Remarks Upon the Signing of Anti-Discriminatory Amendments to the Consumer Credit Protection Act, and the Signing of the Consumer Leasing Act of 1976
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President's Speeches and Statements Reading Copies (Ford Administration)
Reading Copies of Presidential Speeches and Statements
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Speeches, addresses, etc.
Legislation
Credit
Consumption (Economics)
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1252758
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23
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1976-03-23
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3
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1976
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23
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1976-03-23
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3
year
1976
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The original documents are located in Box 26, "3/23/76 - Remarks Upon the Signing of
Anti-Discriminatory Amendments to the Consumer Credit Protection Act, and the Signing
of the Consumer Leasing Act of 1976" of the President's Speeches and Statements:
Reading Copies at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 26 of President's Speeches and Statements: Reading Copies at the Gerald R. Ford Presidential Library
THE PRESIDENT HAS SEEN
SIGNING STATEMENT:
EQUAL CREDIT AND CONSUMER LEASING LEGISLATION
THE ROSE GARDEN
TUESDAY, MARCH 23, 1976
-1-
THE PRESIDENT HAS SEEM -
THIS IS AN IMPORTANT DAY FOR ALL AMERICAN CONSUMERS --
OF EVERY PERSUASION,
lo
OF EVERY RACE
OF ALL AGES
-2-
IT IS IMPORTANT BECAUSE. WITH MY SIGNING
OF THE TWO BILLS BEFORE ME, THIS ADMINISTRATION RECONFIRMS
ITS COMMITMENT TO EQUAL OPPORTUNITY
IT ALSO UNDERSCORES
OUR DESIRE TO MAKE GOVERNMENT MORE RESPONSIVE TO THE NEEDS
OF THE AMERICAN CONSUMER. 2 greatly appreciate The
cooperation of the Compress
-3-
THE EQUAL CREDIT OPPORTUNITY AMENDMENTS AND
THE CONSUMER LEASING ACT REFLECT OUR DETERMINATION TO ACHIEVE
GOALS OF FAIRNESS AND EQUALITY IN A BROAD RANGE
OF BUSINESS TRANSACTIONS
TRANSACTIONS WHICH MILLIONS
OF AMERICAN CONSUMERS ENGAGE IN EVERY DAY
-4-
LAST NOVEMBER, I SPOKE OUT OUT/DEPLORING DEPLORING DISCRIMINATION
AGAINST AMERICANS THAT MIGHT ARISE FROM FOREIGN BOYCOTT
PRACTICES
AT THAT TIME, I ALSO VOICED MY FIRM SUPPORT
FOR AMENDMENTS TO THE CONSUMER CREDIT PROTECTION ACT
WHICH WOULD BAR SUCH DISCRIMINATION
-5-
THE CONSUMER CREDIT PROTECTION ACT
ALREADY
ON THE BOOKS
PROHIBITS CREDIT DISCRIMINATION BASED ON SEX
OR MARITAL STATUS
THE AMENDMENTS I AM SIGNING TODAY
BROADEN THE ACT TO PROHIBIT CREDIT DISCRIMINATION ON THE BASIS
OF RACE
COLOR
RELIGION
NATIONAL ORIGIN
AND AGE
-6-
THE OTHER BILL I AM SIGNING TODAY
THE CONSUMER
LEASING ACT OF 1976
ALSO BROADENS CONSUMER PROTECTION
IT AMENDS THE 1968 TRUTH IN LENDING ACT TO EXTEND
TO LEASE CONTRACTS THE DISCLOSURE AND PROTECTION REQUIREMENTS
NOW IMPOSED ON CREDIT TRANSACTIONS
-7-
WITH THE RISE OF CONSUMER LEASING OF AUTOMOBILES
AND OTHER EQUIPMENT
AS AN ALTERNATIVE TO INSTALLMENT BUYING
THIS MEASURE MEETS A VERY REAL NEED
-8-
I AM DELIGHTED TO BE ABLE TO SIGN BOTH THESE BILLS
Dharat
2 congratulate the Members of Congrass who worked with
TODAY
THEY
ADD TO A GROWING LIST OF STEPS WE HAVE TAKEN
1
The bills
IN THE LAST YEAR / TO HELP GIVE ALL CONSUMERS A FAIRER SHAKE
TO MAKE OUR COUNTRY A MORE EQUITABLE,
A MORE JUST PLACE
TO LIVE FOR ALL AMERICANS
END OF TEXT