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LEGISLATIVE DAY OF APRIL 30, 2009
111TH CONGRESS - FIRST SESSION
- 6:05 P.M. -
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The House adjourned. The next meeting is scheduled for
12:30 p.m. on May 4, 2009.
On motion to adjourn
Agreed to by voice vote.
Mr. King (IA) moved that the House do now adjourn.
- 3:56 P.M. -
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SPECIAL ORDER SPEECHES - The House has concluded all
anticipated legislative business and has proceeded to
Special Order speeches.
- 3:55 P.M. -
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Mr. Tiahrt requested the following general leaves to
address the House on May 7: Mr. Poe of TX for 5 min, Mr.
Jones for 5 min, and Mr. Burton of IN for 5 min.
Mr. Tiahrt requested that Mr. Burton of IN be allowed to
address the House for 5 minutes on May 6.
Mr. Tiahrt requested that Mr. Burton of IN be allowed to
address the House for 5 minutes on May 5.
Mr. Tiahrt requested that Mr. Burton of IN be allowed to
address the House for 5 minutes on May 4.
- 3:36 P.M. -
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Mr. Lewis (GA) asked unanimous consent That when the House
adjourns on Thursday, April 30, 2009, it adjourn to meet
at 12:30 p.m. on Monday, May 4, 2009, for Morning-Hour
Debate.
Agreed to without objection.
Potential Creation of a National Museum of the American
Latino - Pursuant to Section 333(a)(2) of the Consolidated
Natural Resources Act of 2008 (P.L. 110-229), the Minority
Leader appointed Mr. Nelson Albareda of Miami, Florida .
- H.R. 627:
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to amend the Truth in Lending Act to establish fair and
transparent practices relating to the extension of credit
under an open end consumer credit plan, and for other
purposes
- 3:35 P.M. -
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The Clerk was authorized to correct section numbers,
punctuation, and cross references, and to make other
necessary technical and conforming corrections in the
engrossment of
H.R. 627.
Motion to reconsider laid on the table
Agreed to without objection.
On passage
Passed by recorded vote: 357 - 70
(Roll no. 228).
- 3:21 P.M. -
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On motion to recommit with instructions
Failed by recorded vote: 164 - 263
(Roll no. 227).
- 3:02 P.M. -
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The previous question on the motion to recommit with
instructions was ordered without objection.
- 2:50 P.M. -
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Floor summary: DEBATE - The House proceeded with 10 minutes
of debate on the Roskam motion to recommit with
instructions. The instructions contained in the motion seek
to require the bill to be reported back to the House with an
amendment to add a section entitled Trigger for Enactment.
Mr. Roskam moved to recommit with instructions to Financial
Services.
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- 2:49 P.M. -
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The House adopted the amendment in the nature of a
substitute as agreed to by the Committee of the Whole House
on the state of the Union.
The previous question was ordered pursuant to the rule.
- 2:48 P.M. -
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The House rose from the Committee of the Whole
House on the state of the Union to report
H.R. 627.
On agreeing to the Maloney amendment
Agreed to by recorded vote: 284 - 149
(Roll no. 226).
- 2:39 P.M. -
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On agreeing to the Slaughter amendment
Agreed to by recorded vote: 276 - 154
(Roll no. 225).
- 2:10 P.M. -
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On agreeing to the Schock amendment
Agreed to by voice vote.
- 2:03 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Schock amendment.
Amendment offered by Mr. Schock.
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An amendment numbered 17 printed in House Report 111-92
to allow consumers who have not activated an issued credit
card within 45 days, to contact the issuing institution
to cancel the card and have it removed from their credit
report entirely. If after 45 days the card has not been
activated it is automatically removed from any such report.
On agreeing to the Teague amendment
Agreed to by voice vote.
- 1:50 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Teague amendment.
Amendment offered by Mr. Teague.
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An amendment numbered 16 printed in House Report 111-92
to restrict credit card issuers from making adverse reports
to credit rating agencies regarding deployed military
service members and disabled veterans during the first
two years of their disability.
- 1:49 P.M. -
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On agreeing to the Schauer amendment
Agreed to by voice vote.
- 1:40 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee on the Whole proceeded with 10 minutes of debate
on the Schauer amendment.
Amendment offered by Mr. Schauer.
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An amendment numbered 15 printed in House Report 111-92
to require creditors to post their credit card written
agreements on their websites, and requires the Board to
compile and report those agreements on its website.
On agreeing to the Perriello amendment
Agreed to by voice vote.
- 1:31 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Perriello amendment.
Amendment offered by Mr. Perriello.
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An amendment numbered 14 printed in House Report 111-92
to require a 6-month period for a promotional rate for
credit cards before the standard rate may be increased.
- 1:30 P.M. -
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On agreeing to the Gutierrez amendment
Agreed to by voice vote.
- 1:23 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Gutierrez amendment number 13.
Amendment offered by Mr. Gutierrez.
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An amendment numbered 13 printed in House Report 111-92
to require card issuers to notify cardholders 30 days
before closing their accounts, the reason for the account
closure, options to keep the account open, programs available
to repay the balance, and the resulting impact on their
credit score.
- 1:22 P.M. -
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On agreeing to the Price (NC) amendment
Agreed to by voice vote.
- 1:18 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Price(NC) amendment.
Amendment offered by Mr. Price (NC).
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An amendment numbered 12 printed in House Report 111-92
to require credit card issuers to provide enhanced disclosure
to consumers regarding minimum payments, including a written
Minimum Payment Warning statement on all monthly statements
as well as information regarding the monthly payment amount
and total cost that would be required for the consumer
to eliminate the outstanding balance in 12, 24 and 36.
Would require credit card issuers to provide a toll-free
telephone number at which the consumer may receive information
about accessing credit counseling and debt management
services.
On agreeing to the Minnick amendment
Agreed to by voice vote.
- 1:15 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Minnick amendment.
Amendment offered by Mr. Minnick.
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An amendment numbered 11 printed in House Report 111-92
to provide that the amount of a balance as of the 7-day
mark, instead of the 14-day mark, following a notice of
a rate increase would be protected from the rate increase.
On agreeing to the Hensarling amendment
Failed by voice vote.
- 1:04 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Hensarling amendment number 10.
- 1:03 P.M. -
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Amendment offered by Mr. Hensarling.
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An amendment numbered 10 printed in House Report 111-92
to allow creditors to use retroactive rate increases,
universal default, and "double cycle billing" practices
as long as they offer at least one card option that does
not have those billing features to all of their existing
customers.
On agreeing to the Hensarling amendment
Failed by voice vote.
- 12:52 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Hensarling amendment number 9.
Amendment offered by Mr. Hensarling.
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An amendment numbered 9 printed in House Report 111-92
to allow issuers to raise rates on existing balances if
they provide consumers clear notification 90 days in advance,
provided that the issuer has previously specified this
ability to consumers in their contract and at least once
every year thereafter.
- 12:51 P.M. -
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POSTPONED PROCEEDINGS - At the conclusion of debate on the
Maloney amendment, the Chair put the question on adoption of
the amendment and by voice vote, announced the ayes had
prevailed. Mr. Neugebauer demanded a recorded vote and the
Chair postponed further proceedings until later in the
legislative day.
- 12:42 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Maloney amendment.
Amendment offered by Mrs. Maloney.
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An amendment numbered 8 printed in House Report 111-92
to require credit cardholders to opt-into receiving over-the-limit
protection on their credit card in order for a credit
card company to charge an over-the-limit fee. Allows for
transactions that go over the limit to be completed for
operational reasons as long as they are of a de minimis
amount, but the credit card company is not allowed to
charge a fee.
On agreeing to the Jones amendment
Agreed to by voice vote.
- 12:33 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Jones amendment.
Amendment offered by Mr. Jones.
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An amendment numbered 7 printed in House Report 111-92
to require the Federal Reserve Board, in consultation
with the Federal Trade Commission and other agencies,
to establish regulations that would allow estate administrators
to resolve outstanding credit balances in a timely manner.
- 12:32 P.M. -
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On agreeing to the Polis (CO) amendment
Agreed to by voice vote.
- 12:28 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Polis amendment.
Amendment offered by Mr. Polis (CO).
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An amendment numbered 6 printed in House Report 111-92
to clarify that minors are allowed to have a credit card
in their name on their parent or legal guardian's account.
- 12:27 P.M. -
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On agreeing to the Pingree (ME) amendment
Agreed to by voice vote.
- 12:23 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Pingree(ME) amendment.
Amendment offered by Ms. Pingree (ME).
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An amendment numbered 5 printed in House Report 111-92
to require the Chair of the Federal Reserve to submit
a report on the level of implementation of this bill every
90 days until the Chair can report full industry implementation.
On agreeing to the Gutierrez amendment
Agreed to by voice vote.
- 12:14 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Gutierrez amendment number 4.
Amendment offered by Mr. Gutierrez.
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An amendment numbered 4 printed in House Report 111-92
to require credit card issuers to allocate payments in
excess of the minimum payment to the portion of the remaining
balance with the highest outstanding APR first, and then
to any remaining balances in descending order, eliminating
the pro rata option.
- 12:13 P.M. -
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POSTPONED PROCEEDINGS - At the conclusion of debate on the
Slaughter amendment, the Chair put the question on adoption
of the amendment and by voice vote, announced the ayes had
prevailed. Mr. Neugebauer demanded a recorded vote and the
Chair postponed further proceedings until later in the
legislative day.
- 12:02 P.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Slaughter amendment.
- 12:01 P.M. -
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Amendment offered by Ms. Slaughter.
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An amendment numbered 3 printed in House Report 111-92
to set underwriting standards for students' credit cards,
including limiting credit lines to the greater of 20 percent
of a student's annual income or $500, without a co-signer
and requiring creditors to obtain a proof of income, income
history, and credit history from college students before
approving credit applications.
On agreeing to the Frank (MA) amendment
Agreed to by voice vote.
- 11:53 A.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 10 minutes of debate
on the Frank amendment.
- 11:52 A.M. -
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Amendment offered by Mr. Frank (MA).
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An amendment numbered 2 printed in House Report 111-92
to require the Federal Reserve 1) to review the consumer
credit card market, including through solicitation of
public comment, and report to Congress every two years;
2) publish a summary of this review in the Federal Register,
along with proposed regulatory changes (or an explanation
for why no such changes are proposed). The amendment also
requires the Federal banking agencies and the FTC to submit
to the Federal Reserve, for inclusion in the Federal Reserve's
annual report to Congress, information about the agencies'
supervisory and enforcement activities related to credit
card issuers' compliance with consumer protection laws.
- 11:51 A.M. -
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On agreeing to the Gutierrez amendment
Agreed to by voice vote.
- 11:41 A.M. -
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DEBATE - Pursuant to the provisions of H.Res. 379, the
Committee of the Whole proceeded with 20 minutes of debate
on the Gutierrez amendment number 1.
- 11:40 A.M. -
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Amendment offered by Mr. Gutierrez.
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An amendment numbered 1 printed in House Report 111-92
to allow issuers to charge consumers for expedited payments
by telephone when consumers request such an expedited
payment, and would make technical corrections; would require
that all credit card offers notify prospective applicants
that excessive credit applications can adversely affect
their credit rating; would direct the Board of Governors
of the Federal Reserve to suggest appropriate guidelines
for creditors to supply cardholders with information regarding
the availability of legitimate and accredited credit counseling
services; would require all written information, provisions,
and terms in or on any application, solicitation, contract,
or agreement for any credit card account under an open
end consumer credit to appear in no less than 12 point
font; and would require that stores who are self-issuers
of credit cards display a large visible sign at counters
with the same information that is required to be disclosed
on the application itself.
FURTHER CONSIDERATION OF
H.R. 627
- Pursuant to the
provisions of H.Res. 379, the Committee of the Whole resumed
consideration of
H.R. 627
and the amendments made in order
thereto by the rule.
The House resolved into Committee of the Whole House on the
state of the Union for further consideration.
Considered as unfinished business.
- H. Res. 379:
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providing for further consideration of the bill (
H.R. 627)
to amend the Truth in Lending Act to establish fair and
transparent practices relating to the extension of credit
under an open end consumer credit plan, and for other
purposes
- 11:39 A.M. -
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Motion to reconsider laid on the table
Agreed to without objection.
On agreeing to the resolution
Agreed to by the Yeas and Nays: 249 - 175
(Roll no. 224).
- 11:12 A.M. -
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Considered as unfinished business.
UNFINISHED BUSINESS - The Chair announced that the
unfinished business was the question of adoption of H.Res.
379, which had been debated earlier and on which further
proceedings had been postponed.
- H. Res. 381:
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electing Members to certain standing committees of the House
of Representatives
Motion to reconsider laid on the table
Agreed to without objection.
On agreeing to the resolution
Agreed to by voice vote.
Considered as privileged matter.
- H. Res. 379:
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providing for further consideration of the bill (
H.R. 627)
to amend the Truth in Lending Act to establish fair and
transparent practices relating to the extension of credit
under an open end consumer credit plan, and for other
purposes
- 11:11 A.M. -
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POSTPONED PROCEEDINGS - At the conclusion of debate on
H.Res. 379, the Chair put the question on adoption of H.Res.
379, and by voice vote announced that the yeas had
prevailed. Mr Sessions demanded the yeas and nays, and the
Chair postponed further proceedings on adoption of the
resolution until later in the legislative day.
The previous question was ordered without objection.
- 10:17 A.M. -
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DEBATE - The House proceeded with one hour of debate on
H. Res. 379.
Considered as privileged matter.
- 10:02 A.M. -
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ONE MINUTE SPEECHES - The House proceeded with one minute
speeches which by direction of the Chair, would be limited
to five per side of the aisle.
PLEDGE OF ALLEGIANCE - The Chair designated Mr. Hall of
NY to lead the Members in reciting the Pledge of Allegiance
to the Flag.
The Speaker announced approval of the Journal. Pursuant
to clause 1, rule I, the Journal stands approved.
- 10:01 A.M. -
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Today's prayer was offered by the House Chaplain, Rev.
Daniel Coughlin.
- 10:00 A.M. -
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The Speaker designated the Honorable Ellen O. Tauscher
to act as Speaker pro tempore for today.
The House convened, starting a new legislative day.
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