All Credit cards Legislation - Federal Government
H.R.6708 - 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.
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. Comment on Bill S.3278 - 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.
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. S.3252 - A bill to amend the Consumer Credit Protection Act, to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes.
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 [...] show full description S.3086 - A bill to amend the antitrust laws to ensure competitive market-based fees and terms for merchants' access to electronic payment systems.
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 [...] show full description H.R.5988 - 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.
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%. S.2978 - 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.
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. S.2753 - A bill to protect consumers, and especially young consumers, from skyrocketing credit card debt, unfair credit card practices, and deceptive credit offers.
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 [...] show full description H.R.5546 - To amend the antitrust laws to ensure competitive market-based rates and terms for merchants' access to electronic payment systems.
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. 3/6/2008--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 rates 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 U.S. credit, signature-based debit, and PIN-based debit card payments processed in the applicable base 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 rates and terms for access to a covered electronic payment system. Prohibits any other rates and terms from being [...] show full description H.R.5437 - To promote alternative and renewable fuels, domestic energy production, conservation, and efficiency, to increase American energy independence, and for other purposes.
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 [...] show full description H.R.5244 - 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.
Latest Action: 10/02/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill Text 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. 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 increasing any annual percentage rate (APR) of interest on the consumer's outstanding balance under an open end consumer credit plan, except for actions or omissions of the consumer directly related to such account. (Thus eliminates the universal default for credit already outstanding.) Bars a creditor from changing any term of the contract or agreement of an open end consumer credit plan until contract renewal, except for specific material reasons already contained in the contract or agreement. Requires advance notice [...] show full description H.R.5280 - To prevent unfair practices in credit card accounts, and for other purposes.
Latest Action: 02/07/2008 - Referred to the House Committee on Financial Services. Bill Text To prevent unfair practices in credit card accounts, and for other purposes. 2/7/2008--Introduced. Stop Unfair Practices in Credit Cards Act of 2007 - Amends the Truth in Lending Act regarding open-end consumer credit plans. Prohibits imposition of an interest charge upon debt paid on time and in full. Sets restrictions upon interest rate increases. Limits penalty rate increases to: (1) seven percentage points above the current interest rate; and (2) future credit extensions only. Prohibits interest charges on fees. Specifies restrictions upon over-the-limit fees. Requires the primary federal regulator of a card issuer to conduct annual audits of the credit card operations and procedures used by the issuer. Requires the card issuer to: (1) apply payment first to the card balance bearing the highest rate of interest, and then to each successive balance bearing the next highest rate of interest, until the payment is exhausted; and (2) apply [...] show full description S.2542 - A bill to amend the Truth in Lending Act to provide for enhanced disclosure under an open end credit plan.
Latest Action: 01/22/2008 - Sponsor introductory remarks on measure. (CR S105-107) Bill Text A bill to amend the Truth in Lending Act to provide for enhanced disclosure under an open end credit plan. 1/22/2008--Introduced. Credit Card Minimum Payment Notification Act of 2008 - Amends the Truth in Lending Act regarding disclosures required with each billing cycle under an open end consumer credit plan to require a credit card issuer to include in specified type a written statement in the following form: "Minimum Payment Warning: Making only the minimum payment will increase the interest you pay and the time it takes to repay your balance."Prescribes additional three-line statements disclosing the length of time it will take to pay off balances and the final cost to the consumer of interest rates charged.Requires disclosure of a toll-free telephone number to obtain an estimate in person rather than a recording of the time to repay the balance making only minimum payments and the total amount of those payments.Directs the Federal Trade [...] show full description S.2411 - A bill to require the establishment of a credit card safety star rating system for the benefit of consumers, and for other purposes.
Latest Action: 12/05/2007 - Sponsor introductory remarks on measure. (CR S14789-14790) Bill Text A bill to require the establishment of a credit card safety star rating system for the benefit of consumers, and for other purposes. 12/5/2007--Introduced. Credit Card Safety Star Act of 2007 - Amends the Truth in Lending Act to direct the Board of Governors of the Federal Reserve System to promulgate rules to implement a Safety Star System, with one to five stars, to allow consumers to compare quickly and easily the terms, conditions, and levels of safety associated with various open end credit plan agreements. Specifies a point structure for rating credit cards. Assigns an automatic one-star rating (the lowest level of safety) to any open end credit plan: (1) that allows the card issuer to modify the terms of the agreement with a cardholder at any time or periodically for unspecified or unstated reasons; or (2) under which other accounts, or changes by a third party in the cardholder's credit rating, are used as a basis for adverse changes in the agreement [...] show full description H.R.4008 - 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.
Latest Action: 06/03/2008 - Signed by President. Bill Text 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. 6/3/2008--Public Law. (There are 3 other summaries)
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Credit and Debit Card Receipt Clarification Act of 2007 - 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. H.R.3421 - To amend the Truth in Lending Act to prohibit universal defaults on credit card accounts and to require minimum payment disclosures for accounts under an open end consumer credit plan, and for other purposes.
Latest Action: 09/05/2007 - Referred to the Subcommittee on Financial Institutions and Consumer Credit. Bill Text To amend the Truth in Lending Act to prohibit universal defaults on credit card accounts and to require minimum payment disclosures for accounts under an open end consumer credit plan, and for other purposes. 8/3/2007--Introduced. Credit Protection Act of 2007 - Amends the Truth in Lending Act to prohibit a creditor from using adverse information concerning any consumer, including information in any consumer report or any change in the consumer's credit score, as the basis for increasing the annual percentage rate of interest (APR) or introductory APR applicable to a credit card account under an open end consumer credit plan for reasons other than actions or omissions of the consumer that are directly related to such account. Requires conspicuous payment disclosures on a creditor's billing cycle statement, including: (1) the minimum monthly payment on the outstanding balance; (2) the number of months that it would take to pay the entire amount of the outstanding balance [...] show full description H.R.3347 - To amend the Truth in Lending Act to prevent credit card issuers from taking unfair advantage of college students and their parents, and for other purposes.
Latest Action: 09/05/2007 - Referred to the Subcommittee on Financial Institutions and Consumer Credit. Bill Text To amend the Truth in Lending Act to prevent credit card issuers from taking unfair advantage of college students and their parents, and for other purposes. 8/2/2007--Introduced. Student Credit Card Protection Act of 2007 - Amends the Truth in Lending Act to limit by a specified formula the total credit which may be extended by a creditor during any full calendar year to a full time, traditional-aged college student under a college student credit card account, unless a parent, legal guardian, or spouse of the student assumes joint liability for debts incurred. Prohibits increasing the credit limit on an account for which a parent, guardian, or spouse has assumed joint liability without that person's written approval. States that a creditor must require adequate proof of income, income history, and credit history, before any such college student credit card account may be opened. Prohibits a creditor from opening a credit card account for, or issue any [...] show full description S.1925 - A bill to amend the Truth in Lending Act, to prevent credit card issuers from taking unfair advantage of college students and their parents, and for other purposes.
Latest Action: 08/01/2007 - Sponsor introductory remarks on measure. (CR S10614) Bill Text A bill to amend the Truth in Lending Act, to prevent credit card issuers from taking unfair advantage of college students and their parents, and for other purposes. 8/1/2007--Introduced. Student Credit Card Protection Act of 2007 - Amends the Truth in Lending Act to limit by a specified formula the total credit which may be extended by a creditor during any full calendar year to a full time, traditional-aged college student under a college student credit card account, unless a parent, legal guardian, or spouse of the student assumes joint liability for debts incurred. Prohibits increasing the credit limit on an account for which a parent, guardian, or spouse has assumed joint liability without that person's written approval. States that a creditor must require adequate proof of income, income history, and credit history, before any such college student credit card account may be opened. Prohibits a creditor from opening a credit card account for, or issue [...] show full description Latest Action: 07/26/2007 - Referred to the Subcommittee on Energy and Environment. Bill Text To promote the production and use of ethanol. 7/19/2007--Introduced. Amends the Petroleum Marketing Practices Act to prohibit a franchisor from restricting a franchisee from: (1) installing on the marketing premises a renewable fuel pump or tank; (2) converting an existing tank or pump for renewable fuel use; (3) advertising the sale of renewable fuel; (4) selling renewable fuel; (5) purchasing renewable fuel from sources other than the franchisor if the franchisor does not offer its own renewable fuel for sale by the franchisee; (6) listing renewable fuel availability or prices; or (7) allowing for payment of renewable fuel with a credit card. Allows such franchisee activities so long as they do not constitute willful adulteration, mislabeling, or misbranding of motor fuels or other trademark violations.Instructs the Secretary of Energy to establish a grants program for universities to demonstrate supplementing corn as an ethanol feedstock with sweet sorghum.Amends [...] show full description H.R.2973 - To amend the Truth in Lending Act to require a store in which a consumer may apply to open a credit or charge card account to display a sign, at each location where the application may be made, containing the same information required by such Act to be prominently placed in a tabular format on the application.
Latest Action: 07/10/2007 - Referred to the House Committee on Financial Services. Bill Text To amend the Truth in Lending Act to require a store in which a consumer may apply to open a credit or charge card account to display a sign, at each location where the application may be made, containing the same information required by such Act to be prominently placed in a tabular format on the application. 7/10/2007--Introduced.
Amends the Truth in Lending Act to require any person selling personal property to consumers on a business premises to display conspicuously, at each location on the premises where a credit or charge card account may be submitted by a consumer, a sign that contains the same information required by the Act to be prominently placed in tabular format on the account application itself. H.R.2911 - To amend the Electronic Fund Transfer Act to provide similar protections under that Act for consumers as apply under the Truth in Lending Act, and for other purposes.
Latest Action: 06/28/2007 - Referred to the House Committee on Financial Services. Bill Text To amend the Electronic Fund Transfer Act to provide similar protections under that Act for consumers as apply under the Truth in Lending Act, and for other purposes. 6/28/2007--Introduced. Electronic Funds Transfer Equal Consumer Protection Act - Amends the the Electronic Fund Transfer Act to treat as an error any electronic fund transfer affecting the customer's account regarding a transaction for goods or services not accepted by or not delivered to the customer, or not in accordance with the agreement made at the time of the transaction. Redefines electronic fund transfer to cover any transaction initiated through an electronic terminal, telephonic instrument, or computer, including transactions initiated through the use of a check card or a debit card. Revises requirements for a financial institution's discretionary provisional recredit of a consumer's account after receiving notice of an error. Makes such a provisional recredit mandatory, within one business [...] show full description Latest Action: 07/13/2007 - Referred to the Subcommittee on Energy and Environment. Bill Text To promote the production and use of ethanol. 6/26/2007--Introduced. Amends the Petroleum Marketing Practices Act to prohibit a franchisor from restricting a franchisee from: (1) installing on the marketing premises a renewable fuel pump or tank; (2) converting an existing tank or pump for renewable fuel use; (3) advertising the sale of renewable fuel; (4) selling renewable fuel; (5) purchasing renewable fuel from sources other than the franchisor if the franchisor does not offer its own renewable fuel for sale by the franchisee; (6) listing renewable fuel availability or prices; or (7) allowing for payment of renewable fuel with a credit card. Allows such franchisee activities so long as they do not constitute willful adulteration, mislabeling, or misbranding of motor fuels or other trademark violations. Instructs the Secretary of Energy to establish a grants program for universities to demonstrate replacing corn as an ethanol feedstock with sweet sorghum. [...] show full description S.1395 - A bill to prevent unfair practices in credit card accounts, and for other purposes.
Latest Action: 05/15/2007 - Sponsor introductory remarks on measure. (CR S6131-6135) Bill Text A bill to prevent unfair practices in credit card accounts, and for other purposes. 5/15/2007--Introduced. Stop Unfair Practices in Credit Cards Act of 2007 - Amends the Truth in Lending Act regarding open-end consumer credit plans. Prohibits imposition of an interest charge upon debt paid on time and in full. Sets restrictions upon interest rate increases. Limits penalty rate increases to: (1) seven percentage points above the current interest rate; and (2) future credit extensions only. Prohibits interest charges on fees. Specifies restrictions upon over-the-limit fees. Requires the primary federal regulator of a card issuer to conduct annual audits of the credit card operations and procedures used by the issuer. Requires the card issuer to: (1) apply payment first to the card balance bearing the highest rate of interest, and then to each successive balance bearing the next highest rate of interest, until the payment is exhausted; and [...] show full description H.R.2146 - To amend the Truth in Lending Act to prohibit universal defaults on credit card accounts, and for other purposes.
Latest Action: 05/03/2007 - Referred to the House Committee on Financial Services. Bill Text To amend the Truth in Lending Act to prohibit universal defaults on credit card accounts, and for other purposes. 5/3/2007--Introduced.
Universal Default Prohibition Act of 2007 - Amends the Truth in Lending Act to prohibit a creditor from: (1) using any adverse information concerning any consumer, including any in a consumer report or any change in the consumer's credit score, as the basis for increasing any annual percentage rate of interest for a credit card account of the consumer's under an open end consumer credit plan; or (2) removing or increasing any introductory annual percentage rate of interest for that account, for reasons other than actions or omissions of the consumer directly related to the account. Requires such limitation on the use of adverse information to be clearly and conspicuously described to the consumer by the credit card issuer. S.1309 - A bill to amend the Truth in Lending Act to prohibit universal defaults on credit card accounts, and for other purposes.
Latest Action: 05/03/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill Text A bill to amend the Truth in Lending Act to prohibit universal defaults on credit card accounts, and for other purposes. 5/3/2007--Introduced.
Universal Default Prohibition Act of 2007 - Amends the Truth in Lending Act to prohibit a creditor from: (1) using any adverse information concerning any consumer, including any in a consumer report or any change in the consumer's credit score, as the basis for increasing any annual percentage rate of interest for a credit card account of the consumer's under an open end consumer credit plan; or (2) removing or increasing any introductory annual percentage rate of interest for that account, for reasons other than actions or omissions of the consumer directly related to the account. Requires such limitation on the use of adverse information to be clearly and conspicuously described to the consumer by the credit card issuer. S.1202 - 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.
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, [...] show full description S.1176 - 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.
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 [...] show full description S.1178 - A bill to strengthen data protection and safeguards, require data breach notification, and further prevent identity theft.
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 [...] show full description H.R.1525 - To amend title 18, United States Code, to discourage spyware, and for other purposes.
Latest Action: 05/23/2007 - Received in the Senate and Read twice and referred to the Committee on the Judiciary. Bill Text To amend title 18, United States Code, to discourage spyware, and for other purposes. 5/22/2007--Passed House amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the House on May 21, 2007. The summary of that version is repeated here.)Internet Spyware (I-SPY) Prevention Act of 2007 - (Sec. 2) Amends the federal criminal code to impose a fine and/or prison term of up to five years for intentionally accessing a protected computer (a computer exclusively for the use of a financial institution or the U.S. government or which is used in or affects interstate or foreign commerce or communication) without authorization, or exceeding authorized access, by causing a computer program or code to be copied onto the protected computer and intentionally using that program or code in furtherance of another federal criminal offense.Imposes a fine and/or prison term of up to two years if such [...] show full description H.R.1510 - 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.
Latest Action: 03/13/2007 - Referred to the House Committee on Financial Services. Bill Text 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. 3/13/2007--Introduced. Credit Card Repayment 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 payment amount that [...] show full description H.R.1461 - To amend the Consumer Credit Protection Act to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes.
Latest Action: 03/09/2007 - Sponsor introductory remarks on measure. (CR E501-502) Bill Text To amend the Consumer Credit Protection Act to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes. 3/9/2007--Introduced. Credit Card Accountability Responsibility and Disclosure Act of 2007, or the Credit CARD Act of 2007 - Amends the Truth in Lending Act to require advance notice of any increase in the annual percentage rate (APR) of interest 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. Prohibits: (1) penalties for on-time payments; (2) fees for non-use of credit card; (3) over-the-limit fees for creditor-approved transactions; and (4) use by a credit card issuer of adverse information unrelated to a cardholder's account with that issuer in order to increase the APR under an open-end consumer credit plan. Requires disclosure of: (1) repayment information applicable to the outstanding balance; and [...] show full description 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 [...] show full description |
