The Tribunals, Courts and Enforcement Bill is intended to create a national framework to regulate all enforcement agents, including bailiffs, who are not Crown employees.
The government has claimed that vulnerable people who have fallen into debt will be better protected from unscrupulous bailiffs thanks to its proposed reforms.
In the future all bailiffs will be licensed by one single authority.
In the longer term, the Government is looking at regulation by an outside body, the preferred option being to use the Security Industry Authority.
Under the Bill, enforcement agents who break the law could face a fine of up to £5,000 or damages, as well as suspension or cancellation of their certificate to prevent them continuing to operate.
The Bill had its third reading in the House of Lords and has now begun its passage through the House of Commons.
The Bill also introduces:
A statement by Jamie Waller, Managing Director of JBW.
Listen to Jamie talking about the Bill on BBC Five Live breakfast and BBC London Drivetime