GovTrack’s Bill Summary
We don’t have a summary available yet.
H.R. 5502 (111th): To amend the effective date of the gift card provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009.
- Introduced:
- Jun 10, 2010 (111th Congress, 2009–2010)
- Sponsor:
- Rep. Daniel Maffei [D-NY25]
- Status:
- Signed by the President
- Slip Law:
- This bill became Pub.L. 111-209.
The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.
Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
7/27/2010--Public Law. (This measure has not been amended since it was introduced.
The summary of that version is repeated here.) Amends the Credit Card Accountability Responsibility and Disclosure Act of 2009 to state that, in the case of a gift certificate, store gift card, or general-use prepaid card produced before April 1, 2010, the effective date of certain disclosure requirements under the Electronic Funds Transfer Act pertaining to fees shall be delayed until January 31, 2011.
Requires the issuer of such a certificate or card, as a condition of such delayed effective date, to:
(1) comply with a specified prohibition against and certain requirements for the imposition of any dormancy, inactivity, or service fees;
(2) consider any such certificate or card for which funds expire to have no expiration date with respect to the underlying funds;
(3) replace, at consumer request, any such certificate or card that has funds remaining at no cost to the consumer; and
(4) comply with certain consumer rights disclosure requirements.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.