US Congress Senate Bill 900 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on April 27 2009 - 25% progression, died in chamber
Action: 2009-04-27 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S4757-4760)
Text: Latest bill text (Introduced) [PDF]

Credit Card Safety Star Act of 2009 - Amends the Truth in Lending Act to direct the Board of Governors of the Federal Reserve System to promulgate rules to implement a Safety Star System, with one to five stars, to allow consumers to compare quickly and easily the terms, conditions, and levels of safety associated with various open end credit plan agreements. Specifies a point structure for rating credit cards. Assigns an automatic one-star rating (the lowest level of safety) to any open end credit plan that allows the card issuer to modify the terms of the agreement with a cardholder at any time or periodically for unspecified or unstated reasons. Establishes the Credit Card Safety Star Advisory Commission.

Credit Card Safety Star Act of 2009

Sen. Jeff Merkley [D-OR]

Sen. Ron Wyden [D-OR]

Date	Chamber	Action
2009-04-27		Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S4757-4760)
2009-04-27		Sponsor introductory remarks on measure. (CR S4757)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/900/all-info
Text	https://www.congress.gov/111/bills/s900/BILLS-111s900is.pdf