H.R. 1705 (111th): Financial Product Safety Commission Act of 2009

Introduced:
Mar 25, 2009 (111th Congress, 2009–2010)
Status:
Died (Referred to Committee)
Sponsor
William “Bill” Delahunt
Representative for Massachusetts's 10th congressional district
Party
Democrat
Text
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Last Updated
Mar 25, 2009
Length
33 pages
Related Bills
S. 566 (Related)
Financial Product Safety Commission Act of 2009

Referred to Committee
Last Action: Mar 10, 2009

 
Status

This bill was introduced on March 25, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 25, 2009
Referred to Committee Mar 25, 2009
 
Full Title

To create a Financial Product Safety Commission, to provide consumers with stronger protections and better information in connection with consumer financial products, and to give providers of consumer financial products more regulatory certainty.

Summary

No summaries available.

Cosponsors
21 cosponsors (21D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


3/25/2009--Introduced.
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.

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

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