About the bill
The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22, 2009. It is comprehensive credit card reform legislation that aims "...to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes." The bill was passed with bipartisan support by both the House of Representatives and the Senate.
This summary is from Wikipedia.
Sponsor and status
111th Congress (2009–2010)
Enacted — Signed by the President on May 22, 2009
This bill was enacted after being signed by the President on May 22, 2009.
128 Cosponsors (127 Democrats, 1 Republican)
Position statements
What legislators are saying
“Congresswoman Maxine Waters calls on Credit Card Companies to end Unfair Practices and Treat Customers Better”
—
Rep. Maxine Waters [D-CA43]
(Co-sponsor)
on Jul 20, 2009
“Welch supports, House passes bill to speed up credit card consumer protections”
—
Sen. Peter Welch [D-VT]
(Co-sponsor)
on Nov 4, 2009
“Second Amendment Prevails - No Matter Where You Are”
—
Sen. John Barrasso [R-WY]
on Feb 22, 2010
Incorporated legislation
This bill incorporates provisions from:
S. 414: Credit Card Accountability Responsibility and Disclosure Act of 2009
Ordered Reported on Mar 31, 2009. 26% incorporated. (compare text)
H.R. 2217: Student Credit Card Transparency Act of 2009
Introduced on Apr 30, 2009. 92% incorporated. (compare text)
History
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Jan 22, 2009
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Apr 22, 2009
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. |
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Apr 30, 2009
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Rules Change —
Agreed To
This activity took place on a related bill, H.Res. 379 (111th). |
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Apr 30, 2009
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Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next. |
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May 19, 2009
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Passed Senate with Changes (back to House)
The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes. |
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May 22, 2009
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Enacted — Signed by the President
The President signed the bill and it became law.
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Aug 24, 2010
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Text Published
Updated bill text was published as of Passed Congress. |
H.R. 627 (111th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 627. This is the one from the 111th Congress.
This bill was introduced in the 111th Congress, which met from Jan 6, 2009 to Dec 22, 2010. Legislation not passed by the end of a Congress is cleared from the books.
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“H.R. 627 — 111th Congress: Credit Card Accountability Responsibility and Disclosure Act of 2009.” www.GovTrack.us. 2009. March 24, 2023 <https://www.govtrack.us/congress/bills/111/hr627>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
