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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
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Mar 25, 2009
Referred to the House Committee on Financial Services.
Mar 25, 2009
Introduced in House
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 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.

 Related & companion bills 1
  • S 566 Related bill Financial Product Safety Commission Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 5
D
Cohen, Steve
Tennessee · Jun 26, 2009
 D
Lynch, Stephen F.
Massachusetts · Jun 17, 2009
 D
Peters, Gary C.
Michigan · Jun 17, 2009
 D
Schakowsky, Janice D.
Illinois · Mar 31, 2009
 D
Welch, Peter
Vermont · Mar 31, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1705: Financial Product Safety Commission Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1705/
MLA
"H.R. 1705: Financial Product Safety Commission Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1705/.
Bluebook (legal)
H.R. 1705, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1705/.
Markdown link
[H.R. 1705: Financial Product Safety Commission Act of 2009](https://openamerica.io/bill/111-HR-1705/)
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