Expedited CARD Reform for Consumers Act of 2009

openUnited States· United States Congress· EN

Introduced

21 October 2009

Last action

26 October 2009 · Introduced

Status

Sponsor introductory remarks on measure. (CR S10730-10731)

Summary

Expedited CARD Reform for Consumers Act of 2009 - Amends the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act of 2009) to move up the effective date of the Act from February 20, 2010, to December 1, 2009. Amends the Truth in Lending Act to move up also to December 1, 2009: (1) the deadline by which the Board of Governors of the Federal Reserve System must issue final implementing rules for required creditor reviews of changes in factors considered in past consumer annual percentage interest rate (APR) increases when determining whether to reduce the APR; and (2) the effective date of the creditor review requirement. Moves up to the same date: (1) the effective date of the requirement that any penalty fee or charge that a credit card issuer may impose, including a late payment fee, over-the-limit fee, or any other penalty fee or charge, be reasonable and proportional to the omission or violation to which it relates; and (2) the deadline for the Board to issue final implementing rules establishing standards for assessing whether any such penalty fee or charge is reasonable and proportional. Amends the Electronic Fund Transfer Act to move up to December 1, 2009, as well the effective dates of the Act's: (1) prohibition against the imposition of a dormancy fee, an inactivity charge or fee, or a service fee with respect to general use prepaid cards, certificates, and store gift cards; and (2) the deadline by which the Board must issue final implementing regulations.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

21 October 2009
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
21 October 2009
Introduced
Introduced in Senate
Source: IntroReferral
26 October 2009
Introduced
Sponsor introductory remarks on measure. (CR S10730-10731)
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 21 October 2009 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 21 October 2009
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Introduced in Senate (PDF)
Introduced in Senate · EN · 21 October 2009
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Introduced in Senate
summary · EN · 21 October 2009
Open at official source
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Related records

related to → Expedited CARD Reform for Consumers Act of 2009

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/111th-congress/senate-bill/1833
Open data entity: https://api.congress.gov/v3/bill/111/s/1833
us · 111-s-1833 · source updated 5 December 2025