OpenCongress - U.S. Congress - H.R.5244 Credit Cardholders' Bill of Rights Act of 2008

My Vote	All Votes
Aye	Ayes:17
Nay	Nays:2

Credit Cardholders' Bill of Rights Act of 2008

(previous 110th session of Congress)

To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes.

OpenCongress Summary:
Seeks to improve consumer protections against credit card industry abuses. Among its many proposed policies are better regulation of interest rate increases, increased protections for cardholders who pay on time, stricter guidelines against misleading terms in contracts and new congressional reporting requirements on industry profits, rates and fees.

Other Bill Titles (2 more)

2/7/2008--Introduced.
Credit Cardholders' Bill of Rights Act of 2008 - Amends the Truth in Lending Act to prohibit a creditor from using certain adverse information, including information in a consumer report or any change in a consumer's credit score, as the basis for increa... morehide bill summarySee Full Bill Text

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Amendments

This bill has 1 amendments. See All AmendmentsHide All Amendments

Number	Status	Purpose
H.Amdt1176	Offered	An amendment in the nature of a substitute considered as adopted pursuant to the provisions of H.Res. 1476.

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
February 07, 2008		September 23, 2008

Latest Vote

September 23, 2008Roll call number 623 in the House
Question: On Passage: H R 5244 Credit Cardholders’ Bill of Rights Act of 2008
Required percentage of 'Aye' votes: 1/2 (50%)	Percentage of 'aye' votes: 72%	Result: Passed

Date	Chamber	Question	Aye	Nay	Result
September 23, 2008	House	H.R.5244 Credit Cardholders' Bill of Rights Act of 2008 On Passage: H R 5244 Credit Cardholders’ Bill of Rights Act of 2008	312	112	Passed	See Vote
September 23, 2008	House	H.R.5244 Credit Cardholders' Bill of Rights Act of 2008 On Motion to Recommit with Instructions: H R 5244 Credit Cardholders’ Bill of Rights Act of 2008	198	219	Failed	See Vote

See Full Voting History (2 votes)Hide Voting History Show All Actions (23 actions)Hide Actions

All Bill Actions

Oct 02, 2008: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 24, 2008: Received in the Senate.
Sep 23, 2008: DEBATE - The House proceeded with one hour of debate on H.R. 5244.
Sep 23, 2008: 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.
Sep 23, 2008: Considered under the provisions of rule H. Res. 1476.
Sep 23, 2008: Considered under the provisions of rule H. Res. 1476. (consideration: CR H8598?8613)
Sep 23, 2008: Rule H. Res. 1476 passed House.
Passed roll in the House on Sep 23, 2008. On passage Passed by recorded vote: 312 - 112 (Roll no. 623).
Sep 23, 2008: On motion to recommit with instructions Failed by the Yeas and Nays: 198 - 219 (Roll no. 622).
Sep 23, 2008: The previous question on the motion to recommit with instructions was ordered without objection.
Sep 23, 2008: 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.
Sep 23, 2008: Mr. Castle moved to recommit with instructions to Financial Services.
Sep 23, 2008: The previous question was ordered pursuant to the rule.
Sep 22, 2008: 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.
Added to calendar on Sep 16, 2008: Placed on the Union Calendar, Calendar No. 554..
Sep 16, 2008: Reported (Amended) by the Committee on Financial Services. H. Rept. 110-857.
Added to calendar on Jul 31, 2008: Ordered to be Reported (Amended) by the Yeas and Nays: 39 - 27..
Jul 31, 2008: Committee Consideration and Mark-up Session Held.
Jul 31, 2008: Subcommittee on Financial Institutions and Consumer Credit Discharged.
Apr 17, 2008: Subcommittee Hearings Held.
Apr 17, 2008: Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Feb 07, 2008: Referred to the House Committee on Financial Services.
Introduced on Feb 07, 2008.

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In the News

September 28, 2008 After Kneeling, Banks Swagger: "No Protection for US Taxpayer"

Democrats in the House tacked HR 5244 into the bailout, passing it by a vote of 312-112. The resolution would protect Americans from the type of predatory ...

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Source: OpEdNews, PA

September 26, 2008 Banks love bailout, hate credit card curbs

The legislation -- HR 5244 -- would, among other things, end card issuers' self-proclaimed right to change interest rates at any time. ...

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Source: Los Angeles Times, CA

September 24, 2008 Greenwald Campaign: Latham rejects credit card holdersâ bill of rights

(Boston Globe, 3/17/07) The Credit Card Holders Bill of Rights (HR 5244) passed the House despite Tom Lathamâs vote. The bill will: Â· Protect against ...

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Source: IowaPolitics.com (press release), IA

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Blog Coverage

January 02, 2009 MADD Going Mad with DUI Laws (Again, Still) : StoryTribe

Guilty Until Proven Innocent · Florida Gearing Up for 2008 Election Mayhem · HR 5244 Credit Cardholders Bill of Rights - Proceed with Caution · StoryTribe Comics · Staged Photos? Has Reuters Been Had with an Indian Stampede? ...

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Source: StoryTribe

December 21, 2008 Third Estate Sunday Review: Carolyn Maloney works her ass off for ...

Background: H.R. 5244, written by Rep. Carolyn Maloney after a series of roundtables with industry and consumer stakeholders and six public hearings, had 155 bipartisan cosponsors. It passed the House Financial Services Committee with ...

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Source: Third Estate Sunday Review

December 18, 2008 Congresswoman Carolyn Maloney - Author of âCredit Cardholders ...

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Source: Congresswoman Carolyn Maloney

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Credit Cardholders' Bill of Rights Act of 2008

To amend the Truth in Lending Act to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes.

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Amendments to H.R.5244

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In the News

September 28, 2008 After Kneeling, Banks Swagger: "No Protection for US Taxpayer"

September 26, 2008 Banks love bailout, hate credit card curbs

September 24, 2008 Greenwald Campaign: Latham rejects credit card holdersâ bill of rights

Information made available by:

Blog Coverage

January 02, 2009 MADD Going Mad with DUI Laws (Again, Still) : StoryTribe

December 21, 2008 Third Estate Sunday Review: Carolyn Maloney works her ass off for ...

December 18, 2008 Congresswoman Carolyn Maloney - Author of âCredit Cardholders ...

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September 24, 2008 Greenwald Campaign: Latham rejects credit card holdersâ bill of rights

December 18, 2008 Congresswoman Carolyn Maloney - Author of âCredit Cardholders ...