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United States · Bill · S

S. 1927 (111th)

Credit Card Rate Freeze Act of 2009

openUnited States· United States Congress· EN

Introduced

26 October 2009

Last action

Status

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 189.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

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.

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Documents

3 official files

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Sources

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