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S 566 111th Congress Senate 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 10, 2009 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2975-2978)
Mar 10, 2009
Sponsor introductory remarks on measure. (CR S2974-2975)
Mar 10, 2009
Introduced in Senate
 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 10, 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2975-2978)

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Independent 1