S 1927
111th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Consumer credit
Federal Reserve System
Interest, dividends, interest rates
Credit Card Rate Freeze Act of 2009
Introduced: October 26, 2009
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 27, 2009
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 189.
Oct 26, 2009
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S10737)
Oct 26, 2009
Sponsor introductory remarks on measure. (CR S10737)
Oct 26, 2009
Introduced in Senate
Plain-English summary
Credit Card Rate Freeze Act of 2009 - Prohibits a creditor, during a specified nine-month period, from: (1) increasing any annual percentage rate (APR), fee, or finance charge applicable to any outstanding balance of any credit card account under an open end consumer credit plan; or (2) changing the terms governing repayment of any outstanding balance, except as permitted by the Credit Card Accountability Responsibility and Disclosure Act of 2009.
Authorizes the Board of Governors of the Federal Reserve System to prescribe implementing regulations.
What's happening now
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 189.