HR 1705 111th Congress House Finance and Financial Sector Administrative law and regulatory procedures Consumer affairs Consumer credit Executive agency funding and structure Financial services and investments Government studies and investigations

Financial Product Safety Commission Act of 2009

Introduced: March 25, 2009 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 25, 2009

Referred to the House Committee on Financial Services.

Mar 25, 2009

Introduced in House

Plain-English summary Congressional Research Service

Financial Product Safety Commission Act of 2009 - Establishes the Financial Product Safety Commission to: (1) promulgate consumer financial product safety rules; (2) establish a best practices guide for all providers of consumer financial products; (3) conduct continuing studies and investigations of consumer financial products industry practices; (4) award grants or enter into contracts for the conduct of such studies and investigations; (5) assist public and private organizations or groups of consumer financial product providers, administratively and technically, in the development of safety standards or guidelines that would assist them in complying with any Commission rule; (6) comment on selected agency rulemakings affecting consumer financial products; and (7) establish a consumer financial product customer hotline.

What's happening now March 25, 2009

Referred to the House Committee on Financial Services.

Committees of jurisdiction 1