US Congress Senate Bill 566 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: Introduced on March 10 2009 - 25% progression, died in chamber
Action: 2009-03-10 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2975-2978)
Text: Latest bill text (Introduced) [PDF]

Financial Product Safety Commission Act of 2009 - Establishes the Financial Product Safety Commission to: (1) promulgate consumer financial product safety rules; (2) establish a best practices guide for all providers of consumer financial products; (3) conduct continuing studies and investigations of consumer financial products industry practices; (4) award grants or enter into contracts for the conduct of such studies and investigations; (5) assist public and private organizations or groups of consumer financial product providers, administratively and technically, in the development of safety standards or guidelines that would assist them in complying with any Commission rule; (6) comment on selected agency rulemakings affecting consumer financial products; and (7) establish a consumer financial product customer hotline.

Financial Product Safety Commission Act of 2009

Sen. Richard Durbin [D-IL]	Sen. Al Franken [D-MN]	Sen. Edward Kennedy [D-MA]	Sen. Jeff Merkley [D-OR]
Sen. Bernard Sanders [I-VT]	Sen. Charles Schumer [D-NY]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2009-03-10		Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2975-2978)
2009-03-10		Sponsor introductory remarks on measure. (CR S2974-2975)

HB1705 (Related) 2009-03-25 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/566/all-info
Text	https://www.congress.gov/111/bills/s566/BILLS-111s566is.pdf