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S 1927 111th Congress Senate

Credit Card Rate Freeze Act of 2009

Official title: A bill to establish a moratorium on credit card interest rate increases, and for other purposes.

Introduced: October 26, 2009 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresConsumer creditFederal Reserve SystemInterest, dividends, interest rates
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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 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
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 Latest action October 27, 2009

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 189.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 3959 Related bill Credit Card Rate Freeze Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Cosponsors 8
All 8 Democratic 8
D
Murray, Patty
Washington · Dec 22, 2009
 D
Warner, Mark R.
Virginia · Oct 30, 2009
 D
Whitehouse, Sheldon
Rhode Island · Oct 30, 2009
 D
Bennet, Michael F.
Colorado · Oct 28, 2009
 D
Shaheen, Jeanne
New Hampshire · Oct 28, 2009
 D
Merkley, Jeff
Oregon · Oct 26, 2009
 D
Reed, Jack
Rhode Island · Oct 26, 2009
 D
Schumer, Charles E.
New York · Oct 26, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1927: Credit Card Rate Freeze Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-1927/
MLA
"S. 1927: Credit Card Rate Freeze Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-1927/.
Bluebook (legal)
S. 1927, 111th Cong. (2026), https://openamerica.io/bill/111-S-1927/.
Markdown link
[S. 1927: Credit Card Rate Freeze Act of 2009](https://openamerica.io/bill/111-S-1927/)
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