Top Legislation - View All

Latest Action: 01/04/2007 - Referred to the House Committee on Financial Services.

Bill Text
To repeal the prohibition on the payment of interest on demand deposits, and for other purposes. 1/4/2007--Introduced. Business Checking Fairness Act of 2007 - Amends federal law to authorize interest-bearing or dividend-bearing transaction accounts for all businesses, permitting up to 24 transfers per month to another account of the owner in the same institution. Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to repeal the prohibition against the payment of interest on demand deposits. Amends the Federal Reserve Act to require the Board to survey biennially and report biennially to Congress on bank fees and certain services. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, to repeal certain reporting requirements. Cites practices which shall not be treated as payment or receipt of interest [...]

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Latest Action: 02/02/2007 - Referred to the Subcommittee on Health.

Bill Text
To amend the Federal Food, Drug, and Cosmetic Act with respect to the importation of prescription drugs, and for other purposes. 1/10/2007--Introduced. Pharmaceutical Market Access and Drug Safety Act of 2007 - Amends the Federal Food, Drug, and Cosmetic Act (FFDCA) to revise provisions governing the importation of prescription drugs. Waives the limitation on importation of prescription drugs that have been exported from the United States. Prohibits the importation of a qualifying drug unless such drug is imported by: (1) a registered importer; or (2) an individual for personal use. Establishes registration conditions for importers and exporters. Requires the Secretary to inspect places of business, verify chains of custody, inspect facilities, and determine compliance with registration conditions. Sets forth provisions governing the importation of qualifying drugs that are different from U.S. label drugs, including standards for judging such differences.[...]

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Latest Action: 02/12/2007 - Sponsor introductory remarks on measure. (CR S1855-1857)

Bill Text
A bill to reduce the Federal budget deficit, and for other purposes. 2/12/2007--Introduced. Act for Our Kids - Repeals the Television Broadcasting to Cuba Act. Amends the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act of 1996 to prohibit federal funding of television broadcasting to Cuba. Terminates the U.S. Court of Federal Claims. Requires federal agencies to reduce administrative expenses. Eliminates the Medicare Advantage Regional Plan Stabilization (SLUSH) Fund. Amends the federal criminal code to prohibit profiteering and fraud involving a contract or the provision of goods or services in connection with a war or military action. Requires: (1) suspension and debarment of unethical contractors; (2) disclosure by federal agencies, upon request, to the appropriate committee chairman or ranking member of audit reports regarding federal contractors; and (3) public access to information on federal contractor penalties and [...]

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Latest Action: 11/08/2007 - Received in the House.

Bill Text
A bill to ensure proper oversight and accountability in Federal contracting, and for other purposes. 11/7/2007--Passed Senate amended.    (There is 1 other summary) Accountability in Government Contracting Act of 2007 - Title I: Acquisition Workforce - (Sec. 101) Amends the Office of Federal Procurement Policy Act to require the Administrator for Federal Procurement Policy to: (1) designate a member of the Senior Executive Service as the Associate Administrator for Workforce Programs, in the Federal Acquisition Institute, to oversee government-wide acquisition workforce activities; and (2) establish a government-wide acquisition intern program. Sets forth requirements for program course work.Requires: (1) the Administrator to establish a government-wide Contingency Contracting Corps that shall be available for deployment in responding to disasters and contingency operations; (2) the Administrator to report to specified congressional committees,[...]

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Latest Action: 03/26/2007 - Provisions of Measure Incorporated into Section 401 of H.R. 1684 as introduced.

Bill Text
To amend the Homeland Security Act of 2002 to enhance the procurement-related activities of the Department of Homeland Security, and for other purposes. 2/5/2007--Introduced. Department of Homeland Security Procurement Improvement Act of 2007 - Amends the Homeland Security Act of 2002 to require: (1) the Chief Procurement Officer to provide homeland security procurement training to acquisition employees, including establishing training objectives, standards, requirements, and courses; and (2) the Secretary of Homeland Security to establish a Council on Procurement Training to make policy and training curriculum recommendations. Directs the Secretary to require any offeror for a contract to provide goods or services to the Department of Homeland Security (DHS) to submit, as part of the offeror's bid: (1) an attestation disclosing any substantial role the offeror, the offeror's employees, or any corporate parent or subsidiary may have played in creating a solicitation,[...]

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Latest Action: 08/01/2008 - Committee on Homeland Security and Governmental Affairs. Reported by Senator Lieberman with an amendment in the nature of a substitute. With written report No. 110-437.

Bill Text
A bill to prevent abuse of Government credit cards. 8/1/2008--Reported to Senate amended.    (There is 1 other summary) Government Credit Card Abuse Prevention Act of 2008 - (Sec. 2) Requires the head of each executive agency (sets forth separate Department of Defense (DOD) requirements) to establish and maintain safeguards and internal controls to ensure that: (1) records are kept of each holder of a purchase card issued for official use and of each card transaction; (2) each cardholder is assigned an approving official; (3) charges are reconciled with supporting documentation; (4) purchases are paid promptly; (5) rebates and refunds on card accounts are monitored for accuracy and recorded as agency receipts; (6) periodic reviews are performed to determine whether each cardholder has a need for a card; (7) training is provided to cardholders and officials responsible for oversight; (8) agencies have specific policies regarding the number of cards issued [...]

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Latest Action: 04/12/2007 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Bill Text
To amend the Truth in Lending Act to prohibit fees by creditors for payments on credit card accounts by electronic fund transfers, and for other purposes.

2/7/2007--Introduced.

Credit Card Payment Fee Act of 2007 - Amends the Truth in Lending Act to prohibit a creditor, in the case of a credit card account under an open end consumer credit plan, from imposing a fee based on the manner in which payment on the account is made, including a fee for making any such payment by electronic fund transfer.

Latest Action: 04/20/2007 - Sponsor introductory remarks on measure. (CR S4811-4812)

Bill Text
A bill to require enhanced disclosure to consumers regarding the consequences of making only minimum required payments in the repayment of credit card debt, and for other purposes. 4/20/2007--Introduced. Credit Card Minimum Payment Warning Act of 2007 - Amends the Truth in Lending Act to include among the mandatory disclosures at each billing cycle of open end consumer credit plans: (1) the words "Minimum Payment Warning: Making only the minimum payment will increase the amount of interest that you pay and the time it will take to repay your outstanding balance;" (2) the number of years and months it would take the consumer to pay the entire amount of the balance if the consumer pays only the required minimum monthly payments; (3) the total cost to the consumer, as well as a breakdown in principal and interest payments, of paying that balance in full if the consumer pays only the required minimum monthly payments, and if no further advances are made; (4) the monthly [...]

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Latest Action: 12/05/2007 - Committee on Commerce, Science, and Transportation. Reported by Senator Inouye with amendments. With written report No. 110-235.

Bill Text
A bill to strengthen data protection and safeguards, require data breach notification, and further prevent identity theft. 12/5/2007--Reported to Senate amended.    (There is 1 other summary) Identity Theft Prevention Act - (Sec. 2) Requires any commercial entity or charitable, educational, or nonprofit organization that acquires, maintains, or uses sensitive personal information (covered entity) to develop, implement, maintain, and enforce a written program, containing administrative, technical, and physical safeguards, for the security of sensitive personal information it collects, maintains, sells, transfers, or disposes of. Defines "sensitive personal information" as an individual's name, address, or telephone number combined with at least one of the following relating to that individual: (1) the social security number or numbers derived from that number; (2) financial account or credit or debit card numbers combined with codes or passwords [...]

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Latest Action: 05/03/2007 - Committee on the Judiciary. Date of scheduled consideration. SD-226. 10:00 a.m.

Bill Text
A bill to require agencies and persons in possession of computerized data containing sensitive personal information, to disclose security breaches where such breach poses a significant risk of identity theft. 4/24/2007--Introduced. Personal Data Protection Act of 2007 - Defines "identity theft" to mean a fraud committed using the sensitive personal information of another individual with the intent to commit or to aid or abet unlawful activity that results in economic loss to that individual.Requires any agency or person that owns or licenses computerized data containing sensitive personal information to: (1) develop, implement, and maintain reasonable security and notification procedures and practices (appropriate to the size and nature of the agency or person and the nature of the information) to ensure the security and confidentiality of the personal information and to protect sensitive personal information against unauthorized access, destruction, use, [...]

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Latest Legislation - View All

Latest Action: 07/31/2008 - Referred to the House Committee on Ways and Means.

Bill Text
To amend the Internal Revenue Code of 1986 to provide that no loan may be made from a qualified employer plan using revolving credit arrangements and to limit the number of loans that may be made from a qualified employer plan to a participant or beneficiary.

7/31/2008--Introduced.

Amends the Internal Revenue Code to: (1) prohibit tax-exempt employer pension or benefit plans from making a loan to any plan beneficiary through a revolving credit arrangement; and (2) limit to three the number of loans a plan can make to a plan participant or beneficiary without tax consequences.

Latest Action: 07/17/2008 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to amend the Internal Revenue Code of 1986 to provide that no loan may be made from a qualified employer plan using a credit card or other intermediary and to limit the number of loans that may be made from a qualified employer plan to a participant or beneficiary.

7/17/2008--Introduced.

Amends the Internal Revenue Code to: (1) prohibit tax-exempt employer pension or benefit plans from making a loan to any plan beneficiary through the use of a credit card or other intermediary; and (2) limit to three the number of loans a plan can make to a plan participant or beneficiary without tax consequences.

Latest Action: 07/10/2008 - Sponsor introductory remarks on measure. (CR S6572-6574)

Bill Text
A bill to amend the Consumer Credit Protection Act, to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes. 7/10/2008--Introduced. Credit Card Accountability Responsibility and Disclosure Act of 2008, or the Credit CARD Act of 2008 - Amends the Truth in Lending Act to require advance notice of any increase in the annual percentage rate of interest (APR) pertaining to a credit card account under an open end consumer credit plan. Imposes a freeze on interest rate terms and fees on canceled cards. Sets limits on fees and interest charges, including a prohibition against penalties for on-time payments. Prohibits a creditor from furnishing information to a consumer reporting agency concerning a newly opened credit card account until the credit card has been used or activated by the consumer. Revises requirements for prompt and fair crediting of card payments. Prohibits universal default [...]

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Latest Action: 06/11/2008 - Referred to the House Committee on Financial Services.

Bill Text
To amend the Truth in Lending Act to prohibit unfair practices in electronic payment system networks, and for other purposes. 6/11/2008--Introduced. Credit Card Interchange Fees Act of 2008 - Amends the Truth in Lending Act to prohibit specified electronic payment system network practices, including the imposition of: (1) additional charges on merchants and consumers for premium payment cards; (2) certain restrictions on merchants, including chargebacks for transactions on point of sale terminals that exceed the allowable amount on such devices; (3) restrictions upon network routing; and (4) fees for failure of the merchant to provide a particular number of transactions. Requires an electronic payment system network to disclose its contract terms to the merchant, including its complete operating rules, without restricting the merchant's use of such information. Directs the Federal Trade Commission (FTC) to prescribe regulations to: (1) ensure that the rules,[...]

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Latest Action: 06/05/2008 - Sponsor introductory remarks on measure. (CR S5208-5210)

Bill Text
A bill to amend the antitrust laws to ensure competitive market-based fees and terms for merchants' access to electronic payment systems. 6/5/2008--Introduced. Credit Card Fair Fee Act of 2008 - Authorizes providers of a single covered electronic payment system (e.g., Visa or Mastercharge credit cards) and any merchants to jointly negotiate and agree upon the fees and terms for access to such a system. Defines covered electronic payment system as any system that has been used for at least 20% of the combined dollar value of credit and debit card payments processed in the most recent year. Grants limited antitrust immunity to such providers and merchants, as well as to those providers who jointly determine among themselves the proportionate division of paid access fees.Sets forth procedures to determine fees and terms for access to a covered electronic payment system. Creates a panel of three full-time Electronic Payment System Judges, appointed [...]

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Latest Action: 05/07/2008 - Referred to the House Committee on Financial Services.

Bill Text
To amend the Truth in Lending Act to impose a cap on the rate of interest that may be charged on consumer credit card accounts, and for other purposes.

5/7/2008--Introduced.

Fair and Justifiable Credit Card Interest Rate Act of 2008 - Amends the Truth in Lending Act to prohibit the annual percentage rate applicable to any extension of credit on a credit card account under an open end consumer credit plan from exceeding 20%.

Latest Action: 05/06/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A bill to amend the Fair Credit Reporting Act to make technical corrections to the definition of willful noncompliance with respect to violations involving the printing of an expiration date on certain credit and debit card receipts before the date of the enactment of this Act.

5/6/2008--Introduced.

Credit and Debit Card Receipt Clarification Act of 2008 - Amends the Fair Credit Reporting Act (FCRA) to declare that any person who printed an expiration date on any receipt provided to a consumer cardholder at a point of sale (POS) or transaction between December 4, 2004, and the enactment of this Act, but otherwise complied with FCRA requirements for such receipt, shall not be in willful noncompliance by reason of printing such expiration date on it.

Latest Action: 03/12/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A bill to protect consumers, and especially young consumers, from skyrocketing credit card debt, unfair credit card practices, and deceptive credit offers. 3/12/2008--Introduced. Credit Card Reform Act of 2008 - Amends the Fair Credit Reporting Act to permit a consumer reporting agency to furnish a consumer report in connection with any credit or insurance transaction that is not initiated by the consumer only if the report indicates that the consumer is age 21 or older. Allows 18-year olds to elect to have their name and address included in any agency list. Amends the Truth in Lending Act to prohibit a credit card issuer from changing the terms of a credit card under an open end consumer credit plan: (1) before the scheduled contract expiration or renewal date; and (2) until the issuer has published all contract changes in any mandatory disclosures. Establishes a cardholder right to repay all existing balances on a terminated or expired credit card account [...]

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Latest Action: 10/03/2008 - Reported (Amended) by the Committee on Judiciary. H. Rept. 110-913.

Bill Text
To amend the antitrust laws to ensure competitive market-based rates and terms for merchants' access to electronic payment systems. 10/3/2008--Reported to House amended.    (There is 1 other summary) Credit Card Fair Fee Act of 2008 - (Sec. 2) Sets forth a limited antitrust immunity to providers of covered electronic payment systems and merchants for negotiation of access rates and terms. Authorizes providers of a single covered electronic payment system (e.g. Visa or Mastercharge credit cards) and merchants to jointly negotiate and agree upon rates and terms for access to such system. Authorizes such providers to jointly determine the proportionate division among themselves of paid access fees. Denies such immunity during any period in which such a provider or merchant is engaged in any unlawful boycott. Requires the rates and terms of a voluntarily negotiated access agreement to be the same for all merchants and participating providers,[...]

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Latest Action: 04/25/2008 - Referred to the Subcommittee on Conservation, Credit, Energy, and Research.

Bill Text
To promote alternative and renewable fuels, domestic energy production, conservation, and efficiency, to increase American energy independence, and for other purposes. 2/14/2008--Introduced. American-Made Energy Act of 2008 - Amends the Internal Revenue Code to modify and set forth provisions concerning tax credits for alternative and renewable energy, nuclear power facility construction, and an advanced coal project and deductions for energy efficient commercial buildings, qualified refinery property, and oil and gas well depletion. Establishes the American-Made Energy Trust Fund.Amends the Energy Independence and Security Act of 2007 to repeal a provision that prohibits federal agencies from procuring alternative or synthetic fuel for any mobility-related use unless its life cycle greenhouse gas emissions are less than those for fuel from conventional petroleum sources.Directs the Federal Trade Commission (FTC) to study the effects of state guaranteed profit [...]

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