H.R. 2704 would amend the Fair Debt Collection Practices Act to prohibit debt collectors from attempting to collect debts that are past their statute of limitations—the legal time period during which creditors can sue to collect a debt. The bill affects debt collectors and consumers with old debts, protecting consumers from collection efforts on debts that are legally uncollectible. The legislation does not establish new funding requirements or implementation timelines beyond amending existing federal law. This change would prevent debt collectors from continuing collection activities on debts that have aged beyond the point where courts would enforce them, closing a loophole in current consumer protection law.