I 

111TH CONGRESS 

1ST SESSION H. R. 3639 

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. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 24, 2009 

Mrs. MALONEY (for herself, Mr. FRANK of Massachusetts, Ms. SCHAKOWSKY, 

Ms. SUTTON, Mr. CAPUANO, Ms. HIRONO, Mr. TIERNEY, and Mr. LEVIN) 

introduced the following bill; which was referred to the Committee on Financial Services 

A BILL 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Expedited CARD Re5 form for Consumers Act of 2009’’. 


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1 SEC. 2. EARLIER EFFECTIVE DATE FOR THE CREDIT CARD 

2 ACT OF 2009, GENERALLY. 

3 Section 3 of the Credit Card Accountability Responsi4 bility and Disclosure Act of 2009 is amended by striking 

5 ‘‘become effective 9 months after the date of enactment 

6 of this Act,’’ and inserting ‘‘take effect on December 1, 

7 2009,’’. 

8 SEC. 3. EARLIER EFFECTIVE DATES FOR SPECIFIC PROVI9 SIONS TO PREVENT FURTHER ABUSES. 

10 (a) REVIEW OF PAST CONSUMER INTEREST RATE

11 INCREASES.—Section 148(d) of the Truth in Lending Act 

12 (15 U.S.C. 1665c(d)) (as added by section 101(c) of the 

13 Credit Card Accountability Responsibility and Disclosure 

14 Act of 2009) is amended— 

15 (1) by striking ‘‘9 months after the date of en16 actment of this section,’’ and inserting ‘‘December 1, 

17 2009,’’; and 

18 (2) by striking ‘‘become effective 15 months 

19 after that date of enactment’’ and inserting ‘‘take 

20 effect on December 1, 2009’’. 

21 (b) REQUIREMENT THAT PENALTY FEES BE REA22 SONABLE AND PROPORTIONAL TO THE VIOLATION.—Sec23 tion 149(b) of the Truth in Lending Act (15 U.S.C. 

24 1665d(b)) (as added by section 102(b) of the Credit Card 

25 Accountability Responsibility and Disclosure Act of 2009) 

26 is amended— 


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1 (1) by striking ‘‘9 months after the date of en2 actment of this section’’ and inserting ‘‘December 1, 

3 2009,’’; and 

4 (2) by striking ‘‘become effective 15 months 

5 after that date of enactment’’ and inserting ‘‘take 

6 effect on December 1, 2009’’. 

7 (c) GIFT CARD PROTECTIONS FOR CONSUMERS.— 

8 (1) IN GENERAL.—Section 403 of the Credit 

9 Card Accountability Responsibility and Disclosure 

10 Act of 2009 is amended by striking ‘‘become effec11 tive 15 months after the date of enactment of this 

12 Act,’’ and inserting ‘‘take effect on December 1, 

13 2009,’’. 

14 (2) REGULATIONS.—Section 915(d)(3) of the 

15 Electronic Fund Transfer Act (15 U.S.C. 1693l– 

16 1(d)(3)) (as added by section 401(2) of the Credit 

17 Card Accountability Responsibility and Disclosure 

18 Act of 2009) is amended by striking ‘‘9 months 

19 after the date of enactment of the Credit CARD Act 

20 of 2009’’ and inserting ‘‘December 1, 2009’’. 

Æ 


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