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- S.1927
S.1927: Credit Card Rate Freeze Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Oct. 26, 2009
- Latest Major Action Oct. 27, 2009
Bill Sponsor
Bill Cosponsors
21 (All Democrats)
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
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Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 189.
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| Oct. 26, 2009 |
Introduced in the Senate by Christopher J. Dodd (D-Conn.) |