04/30/09 12:33 PM
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.
04/30/09 12:32 PM
On agreeing to the Polis (CO) amendment Agreed to by voice vote.
04/30/09 12:28 PM
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).
04/30/09 12:28 PM
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.
04/30/09 12:27 PM
On agreeing to the Pingree (ME) amendment Agreed to by voice vote.
04/30/09 12:23 PM
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).
04/30/09 12:23 PM
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.
04/30/09 12:14 PM
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.
04/30/09 12:14 PM
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.
04/30/09 12:13 PM
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.
