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HR 1166 102th Congress House

Credit Card Grace Period Act of 1991

Official title: To amend the Truth in Lending Act to require certain credit card issuers who offer grace periods to begin such grace period on the postmark date of the periodic statement.

Introduced: April 23, 1991 See on congress.gov
Commerce Consumer creditConsumer protectionCredit cardsInterest
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 9, 1991
Subcommittee Hearings Held.
Mar 15, 1991
Referred to the Subcommittee on Consumer Affairs and Coinage.
Feb 27, 1991
Referred to the House Committee on Banking, Finance + Urban Affrs.
Feb 27, 1991
Introduced in House
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 Latest action October 9, 1991

Subcommittee Hearings Held.

 Plain-English summary Congressional Research Service

Credit Card Grace Period Act of 1991 - Amends the Truth in Lending Act, with regard to any credit card account under an open end consumer credit plan which provides that any credit extended may be repaid during a period beginning on the billing date without a finance charge, to prohibit considering any date before the postmark of the statement as the billing date.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Apr 23, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1166: Credit Card Grace Period Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-1166/
MLA
"H.R. 1166: Credit Card Grace Period Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-1166/.
Bluebook (legal)
H.R. 1166, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-1166/.
Markdown link
[H.R. 1166: Credit Card Grace Period Act of 1991](https://openamerica.io/bill/102-HR-1166/)
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