US SB1927 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 22-0)
Status: Introduced on October 26 2009 - 25% progression, died in chamber
Action: 2009-10-27 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 189.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 26 2009 - 25% progression, died in chamber
Action: 2009-10-27 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 189.
Text: Latest bill text (Introduced) [PDF]
Summary
Credit Card Rate Freeze Act of 2009 - Prohibits a creditor, during a specified nine-month period, from: (1) increasing any annual percentage rate (APR), fee, or finance charge applicable to any outstanding balance of any credit card account under an open end consumer credit plan; or (2) changing the terms governing repayment of any outstanding balance, except as permitted by the Credit Card Accountability Responsibility and Disclosure Act of 2009. Authorizes the Board of Governors of the Federal Reserve System to prescribe implementing regulations.
Title
Credit Card Rate Freeze Act of 2009
Sponsors
| Sen. Michael Bennet [D-CO] | Sen. Barbara Boxer [D-CA] | Sen. Sherrod Brown [D-OH] | Sen. Christopher Dodd [D-CT] |
| Sen. Dianne Feinstein [D-CA] | Sen. Tom Harkin [D-IA] | Sen. Paul Kirk [D-MA] | Sen. Patrick Leahy [D-VT] |
| Sen. Carl Levin [D-MI] | Sen. Claire McCaskill [D-MO] | Sen. Robert Menendez [D-NJ] | Sen. Jeff Merkley [D-OR] |
| Sen. Patty Murray [D-WA] | Sen. Jack Reed [D-RI] | Sen. Harry Reid [D-NV] | Sen. Charles Schumer [D-NY] |
| Sen. Jeanne Shaheen [D-NH] | Sen. Debbie Stabenow [D-MI] | Sen. Jon Tester [D-MT] | Sen. Mark Udall [D-CO] |
| Sen. Mark Warner [D-VA] | Sen. Sheldon Whitehouse [D-RI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-10-27 | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 189. | |
| 2009-10-26 | Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S10737) | |
| 2009-10-26 | Sponsor introductory remarks on measure. (CR S10737) |
Same As/Similar To
HB3959 (Related) 2009-10-28 - Referred to the House Committee on Financial Services.
Subjects
Administrative law and regulatory procedures
Consumer credit
Federal Reserve System
Interest, dividends, interest rates
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1927/all-info |
| Text | https://www.congress.gov/111/bills/s1927/BILLS-111s1927pcs.pdf |
