US Congress House Resolution 553 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on June 17 2009 - 25% progression, died in committee
Action: 2009-06-17 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Expresses the sense of the House of Representatives that the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System should: (1) protect and enhance American consumers' and businesses' access to credit; (2) encourage credit card issuers, banks, and other creditors to recognize long-standing customers who are in good standing by not cutting their credit lines or raising their interest rates; and (3) reserve access to programs under the Federal Reserve Act and the Emergency Response Stabilization Act for those institutions that are working to increase consumer and business access to credit.

Expressing the sense of the House of Representatives that the Secretary of the Treasury and the Chairman of the Board of Governors of the Federal Reserve System should protect and enhance consumer and business access to credit by utilizing the provisions of the Federal Reserve Act and the Emergency Economic Stabilization Act of 2008, and reserving access to liquidity programs for those financial institutions that have maintained or increased lending activities since the height of our economic crisis in October 2008.

Rep. Lacy Clay [D-MO]	Rep. Keith Ellison [D-MN]	Rep. Alan Grayson [D-FL]	Rep. Al Green [D-TX]
Rep. Luis Gutierrez [D-IL]	Rep. Maxine Waters [D-CA]

Date	Chamber	Action
2009-06-17		Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-resolution/553/all-info
Text	https://www.congress.gov/111/bills/hres553/BILLS-111hres553ih.pdf