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S 2969 108th Congress Senate Finance and Financial Sector Automated teller machines Commerce Consumer education Consumer protection Electronic funds transfers Fees Gifts Restrictive trade practices Retail trade Science, Technology, Communications

Fair Gift Card Act

Introduced: October 9, 2004 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 9, 2004
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10986-10987)
Oct 9, 2004
Introduced in Senate
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 Plain-English summary Congressional Research Service

Fair Gift Card Act - States it is unlawful for any person to impose a dormancy fee, inactivity charge or fee, or a service fee with respect to a gift certificate, store gift card, or general-use prepaid card.

Exempts from this prohibition any such charge or fee if: (1) the certificate or card has a remaining value of $5 or less at the time the charge or fee is assessed; (2) the charge or fee does not exceed $1; (3) there has been no activity with respect to the certificate or card for at least the last 24 months; (4) the holder of the certificate or the card may reload or add value to the certificate or the card; and (5) specified charge or fee disclosure requirements have been met.

Declares it is unlawful to sell or issue a gift certificate, store gift card, or general-use prepaid card that is subject to an expiration date unless the date is not less than five years from the date the card is purchased and the expiration terms are prominently disclosed in specified font size and in all capital letters.

States that a violation of this Act shall be treated as a violation of a rule defining an unfair or deceptive act or practice prescribed under the Federal Trade Commission Act.

What's happening now October 9, 2004

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10986-10987)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2969: Fair Gift Card Act. 108th Congress. Open America. https://openamerica.io/bill/108-S-2969/
MLA
"S. 2969: Fair Gift Card Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-2969/.
Bluebook (legal)
S. 2969, 108th Cong. (2026), https://openamerica.io/bill/108-S-2969/.
Markdown link
[S. 2969: Fair Gift Card Act](https://openamerica.io/bill/108-S-2969/)
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