H.R. 3639 H.R. 3639 - Expedited CARD Reform for Consumers Act of 2009 To amend the Credit Card Accountability Responsibility and Disclosure Act of 2009 to establish an earlier effective date for various consumer protections, and for other purposes.
Background
	Majority Meeting Notice Majority Amendment Deadline Minority Amendemnt Deadline
Bill Text
	H.R. 3639 (as reported) H.Rept. 111-314
Amendments
	Note: The list of amendments and their disposition are not the official record of the Committee on Rules. For the official list, see the Committee on Rules Majority's Web Site.
# Sponsors Summary Status Notes 1 OrigOrig Quigley (IL) Would repeal section 512 of the CARD Act of 2009 (16 U.S.C. 1a-7b) that permits firearms to be brought in to National Parks. Submitted   2 Orig McCarthy (NY) Markey (CO) Would provide that any card issuer that imposes a moratorium on increases in rates, fees and terms and conditions of a contract would be exempt from the accelerated date for the provision requiring an issuer to apply a customer's payment in excess of the minimum amount due, to the highest rate balance. Made in Order   3 Orig Ver1 Sutton (OH) Would prevent the closure of a credit card account in response to the imposition of a new fee from negatively impacting a consumer’s credit report or credit score. Made in Order   4 Orig Ver1 Maffei (NY) Would set the effective date of certain provisions of the CARD Act of 2009 to the enactment date of this Act. Made in Order   5 Orig Stupak (MI) Would impose a moratorium on increasing annual percentage rates, fees and finance charges, as well as a moratorium on changing the terms for repayment of outstanding balances on credit card accounts, for nine months after enactment of this Act. Made in Order   6 Orig Hensarling (TX) Would clarify that changes to a credit card agreement that reduce a customer's interest rate or other fees can be implemented immediately, instead of being subject to the 45-day waiting period required under the CARD Act of 2009. Made in Order   7 Orig Tierney (MA) Would require surcharge transaction fees charged by a credit card issuer be reasonable and proportional to the cost to the card issuer for processing such transaction. It would direct the Board of Governors of the Federal Reserve to issue regulations setting standards to assess whether transaction fees fit that criteria, based on the cost incurred by the creditor for processing such transactions, and the fairness of the fee charged to the consumer. These provisions would take effect seven months after enactment of this Act. Submitted   8 OrigOrig Roskam (IL) Would require individual income tax return forms to enable the taxpayer to determine (1) the share of the public debt of any dependents on the return, (2) the family share of the public debt, (3) how much the individual public debt burden has increased in the previous year; and (4) the adjusted gross income of the taxpayer as a percentage of the public debt. Submitted   9 Orig Hill (IN) Would prohibit minimum monthly payment increases that change the terms of a credit card agreement if the cardholder has paid their bill on time for the last year. Submitted   10 Orig Holt (NJ) Would provide an exemption from the expedited deadlines to creditors that never imposed detrimental changes to customer accounts after enactment of the CARD Act of 2009, or if they did, have reversed all such changes, and in each case, make no further changes to customer accounts until the bill is fully implemented. Submitted
Rule
Rule Number:
	H.Res. 884
Rule Type:
	Structured
Rule Summary:
	1. Structured rule. 2. Provides one hour of general debate equally divided and controlled by the Chair and Ranking      Minority Member of the committee on Financial Services. 3. Waives all points of order against consideration of the bill except those arising under clause 9      or 10 of rule XXI. 4. Provides that the amendment in the nature of substitute recommended by the      Committee on Financial Services now printed in the bill, modified by the amendment printed      in Part A of the report of the Committee on Rules accompanying this resolution shall be      considered as adopted and proves that the bill as amended, shall be considered as read. 5. Waives all points of order against the bill, amended.  This waiver does not affect the point of      order available under clause 9 or rule XXI (regarding earmark disclosure). 6. Makes in order only those amendments printed in part B of the Rules Committee report      accompanying the resolution.  Provides that the further amendments made in order may be      offered only in the order printed in the report, may be offered only by a Member designated in      the report, shall be considered as read, shall be debatable for the time specified in the report      equally divided and controlled by the proponent and an opponent, shall not be subject to      amendment, and shall not be subject to a demand for division of the question in the House or      in the Committee of the Whole 7. Waives all points of order against the amendments printed in part B of the report except for      clauses 9 and 10 of rule XXI. 8. Provides that for those further amendments reported from the Committee of the Whole, the      question of their adoption shall be put to the House en gros and without demands for division of      the question. 9. Provides one motion to recommit with or without instructions. 10. Provides that the chair may entertain a motion that the committee rise only if offered by the      chair of the Committee on Financail Services or a designee. 11. Provides that the Chair may not entertain a motion to strike out the enacting words of the        bill (as described in clause 9 of rule XVIII)
Rule Text:
	H.Res. 884 H.Rept. 111-326

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