US Congress House Bill 3904 (Prior Session Legislation)

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October 22 2009 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Overdraft Protection Act of 2009 - Amends the Truth in Lending Act to prohibit a depository institution from engaging in unfair or deceptive acts or practices in connection with overdraft coverage, or in acts designed to evade the provisions of this Act. Requires each depository institution that provides overdraft coverage for transaction accounts to clearly and conspicuously disclose overdraft coverage fees. Subjects overdraft coverage fees to the consumer's written, electronic, or other consent. Requires a depository institution to provide specified consumer disclosures regarding its overdraft protection program, including: (1) periodic statements for any transaction account that has an overdraft coverage program feature; and (2) prompt notification of the account's overdraft status. Prescribes overdraft coverage fee limits. Prohibits an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction. Requires a depository institution to provide consumers who have not consented to participate in an overdraft coverage program transaction accounts with the same terms as those provided to consumers who have consented to participate in such program. Prohibits a depository institution from charging a non-sufficient fund fee for any transaction at an automated teller machine, or a debit card transaction. Prohibits a depository institution from reporting negative information regarding consumer use of overdraft coverage to any consumer reporting agency when the overdraft amounts and coverage fees are paid under the terms of an overdraft coverage program.

Overdraft Protection Act of 2009

Rep Kanjorski, Paul E.	Rep Olver, John W.	Rep Norton, Eleanor Holmes	Rep Moran, James P.
Rep Moore, Gwen	Rep Moore, Dennis	Rep Miller, Brad	Rep Maloney, Carolyn B.
Rep Lynch, Stephen F.	Rep Lowey, Nita M.	Rep Lofgren, Zoe	Rep Loebsack, David
Rep Levin, Sander M.	Rep Kucinich, Dennis J.	Rep Kaptur, Marcy	Rep Payne, Donald M.
Rep Reyes, Silvestre	Rep Richardson, Laura	Rep Schauer, Mark H.	Rep Jones, Walter B., Jr.
Rep Chu, Judy	Rep Kilpatrick, Carolyn C.	Rep Watson, Diane E.	Rep Waters, Maxine
Rep Van Hollen, Chris	Rep Tierney, John F.	Rep Thompson, Bennie G.	Rep Speier, Jackie
Rep Serrano, Jose E.	Rep Sanchez, Linda T.	Rep Ryan, Tim	Rep Rodriguez, Ciro D.
Rep Johnson, Eddie Bernice	Rep Jackson-Lee, Sheila	Rep Capuano, Michael E.	Rep Butterfield, G. K.
Rep Ackerman, Gary L.	Rep Weiner, Anthony D.	Rep Sutton, Betty	Rep Schakowsky, Janice D.
Rep Matsui, Doris O.	Rep Maffei, Daniel B.	Rep Foster, Bill	Rep Eshoo, Anna G.
Rep Dingell, John D.	Rep Abercrombie, Neil	Rep Waxman, Henry A.	Rep Towns, Edolphus
Rep Clay, Wm. Lacy	Rep Cleaver, Emanuel	Rep Cohen, Steve	Rep Jackson, Jesse L., Jr.
Rep Israel, Steve	Rep Holt, Rush D.	Rep Hodes, Paul W.	Rep Hastings, Alcee L.
Rep Hare, Phil	Rep Hall, John J.	Rep Gutierrez, Luis V.	Rep Green, Al
Rep Ellison, Keith	Rep Davis, Susan A.	Rep Davis, Danny K.	Rep Cummings, Elijah E.
Rep Conyers, John, Jr.	Rep Frank, Barney

Date	Chamber	Action
2009-10-22		Referred to the House Committee on Financial Services.

SB1799 (Related) 2009-11-17 - Committee on Banking, Housing, and Urban Affairs. Hearings held.

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HN03904:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-111hr3904ih/pdf/BILLS-111hr3904ih.pdf