US HB1705 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 23-0)
Status: Introduced on March 25 2009 - 25% progression, died in committee
Action: 2009-03-25 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Financial Product Safety Commission Act of 2009 - Establishes the Financial Product Safety Commission to: (1) promulgate consumer financial product safety rules; (2) establish a best practices guide for all providers of consumer financial products; (3) conduct continuing studies and investigations of consumer financial products industry practices; (4) award grants or enter into contracts for the conduct of such studies and investigations; (5) assist public and private organizations or groups of consumer financial product providers, administratively and technically, in the development of safety standards or guidelines that would assist them in complying with any Commission rule; (6) comment on selected agency rulemakings affecting consumer financial products; and (7) establish a consumer financial product customer hotline.

Tracking Information

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Title

Financial Product Safety Commission Act of 2009

Sponsors


History

DateChamberAction
2009-03-25 Referred to the House Committee on Financial Services.

Same As/Similar To

SB566 (Related) 2009-03-10 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2975-2978)

Subjects


US Congress State Sources


Bill Comments

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