S. 1927 (111th): Credit Card Rate Freeze Act of 2009

Oct 26, 2009 (111th Congress, 2009–2010)
Died (Reported by Committee)
See Instead:

H.R. 3959 (same title)
Referred to Committee — Oct 28, 2009

Christopher Dodd
Senator from Connecticut
Read Text »
Last Updated
Oct 27, 2009
4 pages
Related Bills
H.R. 3959 (Related)
Credit Card Rate Freeze Act of 2009

Referred to Committee
Last Action: Oct 28, 2009


This bill was introduced on October 27, 2009, in a previous session of Congress, but was not enacted.

Introduced Oct 26, 2009
Reported by Committee Oct 27, 2009
Full Title

A bill to establish a moratorium on credit card interest rate increases, and for other purposes.


No summaries available.

21 cosponsors (21D) (show)
Primary Source

THOMAS.gov (The Library of Congress)

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S. stands for Senate 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.

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

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No summary available.

House Democratic Caucus Summary

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