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Searching...- Bills
- H.R.5244
H.R.5244: Credit Cardholders' Bill of Rights Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about government operations and politics
- Introduced Feb. 7, 2008
- Latest Major Action Oct. 2, 2008
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
155 (154 Democrats, 2 Republicans)
Bill Summary
Credit Cardholders' Bill of Rights Act of 2008 - (Sec. 2) Amends the Truth in Lending Act to prohibit a creditor from increasing any annual percentage rate of interest (APR) applicable to the existing balance on an open end consumer credit card account unless specified conditions are met. Prescribes the treatment of existing balances following a rate increase.Allows a creditor to increase an APR on the existing credit card balance only if the...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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Subcommittee Hearings Held.
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Subcommittee on Financial Institutions and Consumer Credit Discharged.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 27.
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Reported (Amended) by the Committee on Financial Services. H. Rept. 110-857.
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Placed on the Union Calendar, Calendar No. 554.
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Rules Committee Resolution H. Res. 1476 Reported to House. Rule provides for consideration of H.R. 5244 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted.
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Rule H. Res. 1476 passed House.
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Considered under the provisions of rule H. Res. 1476.
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Rule provides for consideration of H.R. 5244 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted.
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DEBATE - The House proceeded with one hour of debate on H.R. 5244.
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The previous question was ordered pursuant to the rule.
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Mr. Castle moved to recommit with instructions to Financial Services.
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DEBATE - The House proceeded with 10 minutes of debate on the Castle motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment inserting a new section providing a trigger for enactment.
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The previous question on the motion to recommit with instructions was ordered without objection.
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On motion to recommit with instructions Failed by the Yeas and Nays: 198 - 219 (Roll no. 622).
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On passage Passed by recorded vote: 312 - 112 (Roll no. 623).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| Feb. 7, 2008 |
Introduced in the House by Carolyn B. Maloney (D-N.Y.) |