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S 165 111th Congress Senate Finance and Financial Sector Administrative law and regulatory procedures Consumer credit Federal Reserve System Higher education

Student Credit Card Protection Act of 2009

Introduced: January 7, 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 7, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 7, 2009
Sponsor introductory remarks on measure. (CR S174-175)
Jan 7, 2009
Introduced in Senate
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 Plain-English summary Congressional Research Service

Student Credit Card Protection Act of 2009 - Amends the Truth in Lending Act to limit by a specified formula the total credit which may be extended by a creditor during any full calendar year to a full time, traditional-aged college student under a college student credit card account, unless a parent, legal guardian, or spouse of the student assumes joint liability for debts incurred.

Prohibits increasing the credit limit on an account for which a parent, guardian, or spouse has assumed joint liability without that person's written approval.

States that a creditor must require adequate proof of income, income history, and credit history, before any such college student credit card account may be opened.

Prohibits a creditor from opening a credit card account for, or issue any credit card to, any college student who: (1) has no verifiable annual gross income; and (2) already maintains a credit card account under an open end consumer credit plan with the same creditor or any affiliate.

Directs the Board of Governors of the Federal Reserve System to promulgate implementing regulations.

What's happening now January 7, 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Jan 7, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 165: Student Credit Card Protection Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-165/
MLA
"S. 165: Student Credit Card Protection Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-165/.
Bluebook (legal)
S. 165, 111th Cong. (2026), https://openamerica.io/bill/111-S-165/.
Markdown link
[S. 165: Student Credit Card Protection Act of 2009](https://openamerica.io/bill/111-S-165/)
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