Unauthorised Overdrafts (Cost of Credit) Bill 2016-17
require the Financial Conduct Authority to make rules restricting the cost of credit for unauthorised overdrafts on bank accounts in certain circumstances; and for connected purposes.
Private Members' Bill (under the Ten Minute Rule)
The Unauthorised Overdrafts (Cost of Credit) Bill was a Ten Minute Rule Bill tabled by Rachel Reeves.
Is this Bill currently before Parliament?No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2016-17 Session.
Whose idea is this Bill?As a Private Members' Bill, this Bill represents the individual initiative of an MP (Rachel Reeves), not the Government.
What type of Bill is this?A Ten Minute Rule Bill is a process of tabling a bill, where an MP has 10 minutes to advocate for their legislation to the Commons and the Minister responsible.
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: Ten Minute Rule Bill, Private Members Bill, Process of a Bill
Official Bill Page All Bill Debates
Next Event: There is no future stage currently scheduled for this bill
Last Event: Tuesday 25th April 2017 - 1st reading: House of Commons
Bill Progession through Parliament