H.R. 3606

Credit CARD Technical Corrections Act of 2009

Sponsor	Rep. Welch, Peter (Financial Services Committee)
Date	October 13, 2009 111th Congress, 1st Session

FLOOR SITUATION

The House is expected to consider H.R. 3606 in the House on Tuesday, October 13, 2009, under a motion to suspend the rules, requiring a two-thirds majority vote for passage. This legislation was introduced by Rep. Peter Welch (D-VT) on September 17, 2009.

EXECUTIVE SUMMARY

H.R. 3606 would amend the Truth in Lending Act to clarify that the 21 day notification requirements of the Credit CARD Act apply only to credit card accounts.

COST

The Congressional Budget Office (CBO) has not yet produced a cost estimate for H.R. 3606.