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H.R. 627:
Credit Card Accountability Responsibility and Disclosure Act of 2009
111th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 111th Congress, in 2009-2010.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2009-2010

To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes.

Overview

Sponsor:
Text:
Summary | Full Text
Status:
Occurred: IntroducedJan 22, 2009
Occurred: Referred to CommitteeView Committee Assignments
Occurred: Reported by CommitteeApr 22, 2009
Occurred: Amendments (89 proposed)View Amendments
Occurred: Passed HouseApr 30, 2009
Occurred: Passed SenateMay 19, 2009
Occurred: Signed by PresidentMay 22, 2009
This bill has become law. It was signed by Barack Obama. [Last Updated: Nov 13, 2009 2:05PM]
Last Action:
May 22, 2009: Became Public Law No: 111-24.
Other Titles:
-- Credit CARD Act of 2009
Related:
See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.
Votes:
Apr 30, 2009: This bill passed in the House of Representatives by roll call vote. The totals were 357 Ayes, 70 Nays, 7 Present/Not Voting. Vote Details.
You are not tracking any senators or representatives. To see their votes here, look up a Member of Congress.
May 19, 2009: This bill passed in the Senate by roll call vote. The totals were 90 Ayes, 5 Nays, 4 Present/Not Voting. Vote Details.
You are not tracking any senators or representatives. To see their votes here, look up a Member of Congress.
View all 12 votes on this bill.
Question & Answer
Can you answer any of these questions posed by other users? Think of it as a civic good deed. See 34 more questions posed on this topic or submit your own question on the Q&A page.

Oct 25, 2009 11:19 AM - I take advantage of 0% interest promotions with a cc tied to a retailer. Will this bill prohibit such promotions in the future? - Answer it!
Nov 17, 2009 7:12 PM - If a person is 10 days late on cc payment, can Citi Financial continue to call every day? Told them I would be late, but the calls won't stop. - Answer it!

Sources of Influence

MAPLight.org reports that the following organizations have taken a stance on this bill:

SupportOppose
National Small Business Association
Association of Community Organizations for Reform Now
Americans for Fairness in Lending
Consumer Federation of America
Center for Responsible Lending
Consumer Action
Consumers Union
Demos
National Association of Consumer Advocates
National Consumer Law Center
National Training and Information Center
Public Citizen
U.S. Public Interest Research Groups
American Bankers Association
Independent Community Bankers of America
Credit Union National Association

Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill.

Because the U.S. Congress posts most legislative information online one legislative day after events occur, GovTrack is usually one legislative day behind. For more information about where this data comes from, see About GovTrack.us.
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