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HR 5942 111th Congress House Finance and Financial Sector Consumer affairs Consumer credit Financial literacy Financial services and investments Government corporations and government-sponsored enterprises Government studies and investigations Small business User charges and fees

FFSCC Act of 2010

Introduced: July 29, 2010 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
Jul 29, 2010
Referred to the House Committee on Financial Services.
Jul 29, 2010
Introduced in House
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 Plain-English summary Congressional Research Service

FFSCC Act of 2010 - Authorizes the Comptroller of the Currency to provide for the organization, incorporation, examination, operation, regulation, and chartering of Federal Financial Services and Credit Companies (FFSCCs) to: (1) extend short-term and long-term credit; and (2) implement financial literacy programs.

Imposes an annual fee upon FFSCCs payable to the Comptroller to offset the cost of implementing this Act.

Directs the Comptroller to: (1) study rates and terms used in the extension of credit; and (2) develop a suite of FSCC financial products that will be fair to underbanked persons and economically viable for FFSCCs to offer.

What's happening now July 29, 2010

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 4
D
Thompson, Bennie G.
Mississippi · Nov 15, 2010
Teague, Harry
· Sep 29, 2010
 D
McCollum, Betty
Minnesota · Sep 23, 2010
 D
Meeks, Gregory W.
New York · Jul 30, 2010
 D
Johnson, Henry C. "Hank"
Georgia · Jul 29, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5942: FFSCC Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5942/
MLA
"H.R. 5942: FFSCC Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5942/.
Bluebook (legal)
H.R. 5942, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5942/.
Markdown link
[H.R. 5942: FFSCC Act of 2010](https://openamerica.io/bill/111-HR-5942/)
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