Skip to main content
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
Sign in to write a letter Sign in to watch
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
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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 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)

 Related & companion bills 1
  • HR 1705 Related bill Financial Product Safety Commission Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Independent 1
D
Merkley, Jeff
Oregon · May 20, 2009
 D
Whitehouse, Sheldon
Rhode Island · May 13, 2009
 I
Sanders, Bernard
Vermont · May 4, 2009
 D
Schumer, Charles E.
New York · Mar 10, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 566: Financial Product Safety Commission Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-566/
MLA
"S. 566: Financial Product Safety Commission Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-566/.
Bluebook (legal)
S. 566, 111th Cong. (2026), https://openamerica.io/bill/111-S-566/.
Markdown link
[S. 566: Financial Product Safety Commission Act of 2009](https://openamerica.io/bill/111-S-566/)
Report a problem