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

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

Referred to Committee
Last Action: Mar 10, 2009


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

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.


No summaries available.

21 cosponsors (21D) (show)

House Financial Services

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

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

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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