I 
111TH CONGRESS 
1ST SESSION H. R. 2007 
To amend the Truth in Lending Act to prevent certain unfair practices 
by credit card issuers, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 21, 2009 
Mr. MASSA introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To amend the Truth in Lending Act to prevent certain 
unfair practices by credit card issuers, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘American Credit Card 
Reform Act’’. 
SEC. 2. LIMIT ON CREDIT CARD INTEREST RATES. 
Section 107 of the Truth in Lending Act (U.S.C. 
1606) is amended by adding at the end the following new 
subsection: 
VerDate Nov 24 2008 
01:02 Apr 23, 2009
Jkt 079200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H2007.IH
H2007
smartinez on PROD1PC63 with BILLS
‘‘(f) CONSUMER CREDIT CARD INTEREST RATE 
CAP.—The annual percentage rate applicable to any ex-
tension of credit on a credit card account under an open 
end consumer credit plan may not exceed 14 percent.’’. 
SEC. 3. PROHIBITION ON TRANSFER FEES. 
Section 127 of the Truth in Lending Act (15 U.S.C. 
1637) is amended by adding at the end the following new 
subsection: 
‘‘(i) PROHIBITION
ON CREDIT CARD TRANSFER 
FEES.—No credit card issuer under an open end con-
sumer credit plan may impose any fee or penalty in con-
nection with a transaction initiated by a consumer in 
which the applies credit extended under such credit plan 
to reduce an outstanding balance on another credit card 
account held by such consumer.’’. 
SEC. 4. PROHIBITION ON PREDATORY ADVERTISING ON 
COLLEGE CAMPUSES. 
(a) IN GENERAL.—Chapter 3 of the Truth in Lend-
ing Act (15 U.S.C. 1661 et seq.) is amended by adding 
at the end the following new section: 
‘‘§ 148. Advertising on college campuses prohibited 
‘‘(a) IN GENERAL.—No credit card issuer under an 
open end consumer credit plan may advertise any credit 
card account on any grounds of an institution of higher 
VerDate Nov 24 2008 
01:02 Apr 23, 2009
Jkt 079200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H2007.IH
H2007
smartinez on PROD1PC63 with BILLS
education through the distribution of written applications 
or solicitations on such grounds. 
‘‘(b) INSTITUTION
OF HIGHER EDUCATION.—The 
term ‘institution of higher education’ has the same mean-
ing as in section 101(a) of the Higher Education Act of 
1965 (20 U.S.C. 1001(a)).’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
for chapter 3 of the Truth in Lending Act is amended 
by inserting after the item relating to section 147 the fol-
lowing new item: 
‘‘148. Advertising on college campuses prohibited.’’. 
SEC. 5. PROHIBITION ON CHANGING TERMS OF CREDIT 
CARD ACCOUNT IF CONSUMER IS IN FULL 
COMPLIANCE WITH SUCH TERMS. 
Section 127 of the Truth in Lending Act (15 U.S.C. 
1637) is amended by inserting after subsection (i) (as 
added by section 3 of this Act) the following new sub-
section: 
‘‘(j) PROHIBITION ON CHANGING TERMS OF CREDIT 
CARD ACCOUNT WITH WHICH CONSUMER IS IN COMPLI-
ANCE.—A credit card issuer may not amend or change the 
terms of a credit card contract or agreement under an 
open end consumer credit plan so long as the consumer 
remains in full compliance with the existing terms of such 
contract or agreement.’’. 
VerDate Nov 24 2008 
01:02 Apr 23, 2009
Jkt 079200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H2007.IH
H2007
smartinez on PROD1PC63 with BILLS