HR 3959 · 111th Congress · Finance and Financial Sector

Credit Card Rate Freeze Act of 2009

Introduced 2009-10-28· Sponsored by Rep. Markey, Betsy [D-CO-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2009-10-28)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Democrats
Rep. Meek, Kendrick B. [D-FL-17]FL
Rep. Sutton, Betty [D-OH-13]OH
Rep. Braley, Bruce L. [D-IA-1]IA