H.R. 3959 (111th): Credit Card Rate Freeze Act of 2009

Introduced:
Oct 28, 2009 (111th Congress, 2009–2010)
Status:
Died (Referred to Committee)
Sponsor
Betsy Markey
Representative for Colorado's 4th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Oct 28, 2009
Length
3 pages
Related Bills
S. 1927 (Related)
Credit Card Rate Freeze Act of 2009

Reported by Committee
Last Action: Oct 27, 2009

 
Status

This bill was introduced on October 28, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 28, 2009
Referred to Committee Oct 28, 2009
 
Full Title

To establish a moratorium on credit card interest rate increases, and for other purposes.

Summary

No summaries available.

Cosponsors
3 cosponsors (3D) (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.


10/28/2009--Introduced.
Credit Card Rate Freeze Act of 2009 - Prohibits a creditor, during a specified nine-month period, from: (1) increasing any annual percentage rate (APR), fee, or finance charge applicable to any outstanding balance of any credit card account under an open end consumer credit plan; or (2) changing the terms governing repayment of any outstanding balance, except as permitted by the Credit Card Accountability Responsibility and Disclosure Act of 2009.
Authorizes the Board of Governors of the Federal Reserve System to prescribe implementing regulations.

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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