High Cost Credit Bill 2013-14

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress. make provision for regulating high-cost credit arrangements and providers of such arrangements; to provide for controls on advertising, information and communications associated with such arrangements; to make measures to address the cost and affordability of such credit arrangements and their associated charges; to regulate matters concerning repayments under such arrangements; to make provision on advice and advice services in relation to debt arising from such arrangements; and for connected purposes.

Private Members' Bill (Ballot Bill)

What is this Bill?

The High Cost Credit Bill was a Ballot Bill tabled by Paul Blomfield.

Is this Bill currently before Parliament?

No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2013-14 Session.

Whose idea is this Bill?

As a Private Members' Bill, this Bill represents the individual initiative of an MP (Paul Blomfield), not the Government.

What type of Bill is this?

20 Ballot Bills places are awarded by lottery to backbench MP's at the start of each Session. These Bills receive precedence for debate in the Commons and a handful will succeed in becoming enacted into law.

The higher chance of success means MPs who win a ballot slot are frequently lobbied by groups wishing to have legislation tabled on their behalf, but the choice of bill ultimately remains with the MP.

So is this going to become a law?

No. This Bill did not complete it's passage before the Session completed and is no longer before Parliament. However, it may have been re-introduced under a similar name in a subsequent Session.

Would you like to know more?

See these Glossary articles for more information: Ballot Bill, Private Members Bill, Process of a Bill

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