H.R. 1208House109th Congress (2005-2007)In Committee

College Student Credit Card Protection Act

Introduced March 9, 2005

Legislative Activity

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3 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

April 7, 2005

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HouseIntro Referral

Introduced in House

March 9, 2005

HouseIntro Referral

Sponsor introductory remarks on measure. (CR E397-398)

March 9, 2005

HouseIntro Referral

Referred to the House Committee on Financial Services.

March 9, 2005

HouseCommittee

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

April 7, 2005

Floor Debate

24 members

What members said about H.R. 1208 on the floor

12 Republicans12 Democrats
Jim Kolbe
Rep. Jim KolbeR-AZ-8 · Jun 9, 2006

Mr. Chairman, I reserve a point of order on the amendment. Mr. Chairman, I withdraw my point of order on the amendment and I would allow Mr. Crowley to claim the time in opposition. Mr. Chairman, I…

James P. McGovern
Rep. James P. McGovernD-MA-3 · Jun 9, 2006

Mr. Chairman, I offer an amendment. Mr. Chairman, I yield myself 4 minutes. Mr. Chairman, this is a very straightforward amendment. It increases funding by $30 million for the U.S. Emergency Refugee…

Dan Burton
Rep. Dan BurtonR-IN-5 · Jun 9, 2006

Mr. Chairman, I want to thank the gentleman for yielding. I cannot understand why anybody would want to start cutting funding to Colombia for the war against terror. It would be a terrible mistake to…

Anthony D. Weiner
Rep. Anthony D. WeinerD-NY-9 · Jun 9, 2006

Mr. Chairman, I offer an amendment. Mr. Chairman, I yield myself such time as I may consume, and I rise to offer the Weiner-Burton-Crowley-Ferguson-Berkley amendment to prohibit all aid in this bill…

Christopher H. Smith
Rep. Christopher H. SmithR-NJ-4 · Jun 9, 2006

Mr. Chairman, I reserve the right to object. Mr. Chairman, will the gentlewoman from Florida yield? Mr. Chairman, let me just say, I appreciate the gentlewoman's willingness to withdraw this…

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Joseph Crowley
Rep. Joseph CrowleyD-NY-7 · Jun 9, 2006

Mr. Chairman, I object for the purposes of claiming the time in opposition. Mr. Chairman, I thank my friend from Arizona (Mr. Kolbe) for withdrawing the point and allowing for this discussion. Mr.…

Sam Farr
Rep. Sam FarrD-CA-17 · Jun 9, 2006

Mr. Chairman, thank you very much for yielding. I rise in strong support of the McGovern amendment and in incredibly strong appreciation for the great job that Chairman Kolbe does on this committee.…

Janice D. Schakowsky
Rep. Janice D. SchakowskyD-IL-9 · Jun 9, 2006

Mr. Chairman, I rise in strong support of the bipartisan McGovern amendment which I am also proud to cosponsor. That passionate speech against liberals and against this piece of legislation might be…

Barbara Lee
Rep. Barbara LeeD-CA-9 · Jun 9, 2006

Mr. Chairman, let me thank the gentleman for yielding and also just thank you for your strong advocacy for human rights, global refugees on so many fronts. I am pleased to be a cosponsor of this…

Tom Davis
Rep. Tom DavisR-VA-11 · Jun 9, 2006

Mr. Chairman, I rise in opposition to any attempts to cut funding for the Andean Counterdrug Initiative. President Uribe's reelection to a historic second term reaffirms the Colombian people's…

John L. Mica
Rep. John L. MicaR-FL-7 · Jun 9, 2006

Mr. Chairman, thank you for yielding me time on this. I have worked on this issue for a number of years in Congress. I have seen failed policies and I have seen successful policies. The worst thing…

Ginny Brown-Waite
Rep. Ginny Brown-WaiteR-FL-5 · Jun 9, 2006

Mr. Chairman, I offer an amendment. Mr. Chairman, Ronald Reagan had a wonderful statement, and that was, if you want to live forever become a Government program because they never, ever go away. When…

Steve King
Rep. Steve KingR-IA-5 · Jun 9, 2006

Mr. Chairman, I offer an amendment. Mr. Chairman, I yield myself such time as I may consume. The amendment that I offer today is an amendment that supports the continuing philosophy of the Nethercutt…

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Dennis J. Kucinich
Rep. Dennis J. KucinichD-OH-10 · Jun 9, 2006

Mr. Chairman, I rise in support of the amendment to prohibit funding for the Western Hemisphere Institute for Security Cooperation, otherwise known as the School of the Americas. This combat-training…

Patrick T. McHenry
Rep. Patrick T. McHenryR-NC-10 · Jun 9, 2006

Mr. Chairman, I offer an amendment. Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, first of all I would like to commend Chairman Kolbe for his dedication and steadfast…

Mark E. Souder
Rep. Mark E. SouderR-IN-3 · Jun 9, 2006

Mr. Chairman, I rise in opposition to the McGovern amendment. Not only will this amendment hurt kids and families in the United States, but it makes the futures of kids and families in Colombia less…

Maxine Waters
Rep. Maxine WatersD-CA-35 · Jun 9, 2006

Mr. Chairman, I would like to begin by thanking the gentleman from Arizona (Mr. Kolbe) and the gentlewoman from New York (Mrs. Lowey) for all of their hard work on this bill. I deeply appreciate…

David R. Obey
Rep. David R. ObeyD-WI-7 · Jun 9, 2006

Mr. Chairman, I move to strike the last word. Mr. Chairman, I want to put in perspective what this amendment is trying to do. As I understand the situation, this bill raises the eradication funds in…

John Boozman
Rep. John BoozmanR-AR-3 · Jun 9, 2006

Mr. Chairman, I am a member of the Committee on International Relations Subcommittee on Africa and Global Human Rights, and I have great sympathy for what you are trying to accomplish in the sense…

Nita M. Lowey
Rep. Nita M. LoweyD-NY-18 · Jun 9, 2006

Mr. Chairman, I rise to strike the last word, and yield to my distinguished member of the subcommittee, Mr. Fattah. Mr. Chairman, I move to strike the last word. Mr. Chairman, I yield to the…

Marilyn N. Musgrave
Rep. Marilyn N. MusgraveR-CO-4 · Jun 9, 2006

Mr. Chairman, I offer an amendment. Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, this amendment is designed to highlight the seriousness of the Japanese beef embargo. My…

Phil Gingrey
Rep. Phil GingreyR-GA-11 · Jun 9, 2006

Mr. Chairman, I thank the chairman for yielding. WHINSEC is a Department of Defense institute that instructs current and future civilian, military and law enforcement leaders from Nations in the…

Charles B. Rangel
Rep. Charles B. RangelD-NY-15 · Jul 25, 2005

Mr. Speaker, I rise in support of designating the United States Postal Service facility at 1915 Fulton Street in Brooklyn, NY, as the Congresswoman Shirley A. Chisholm Post Office Building. When I…

Carolyn McCarthy
Rep. Carolyn McCarthyD-NY-4 · Jun 9, 2006

Mr. Chairman, I oppose this amendment which would eliminate funding for the IFI. The violence in Ireland has devastated families and too many men, women and children have lost their lives. The road…

Bill Text

Latest available legislative text

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Introduced in HouseIssued March 9, 2005

I

109th CONGRESS

1st Session

H. R. 1208

IN THE HOUSE OF REPRESENTATIVES

March 9, 2005

Ms. Slaughter (for herself and Mr. Duncan) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Consumer Credit Protection Act to prevent credit card issuers from taking unfair advantage of full-time, traditional-aged, college students, to protect parents of traditional college student credit card holders, and for other purposes.

1.

Short title

This Act may be cited as the College Student Credit Card Protection Act.

2.

Issuance of credit cards to full-time, traditional-aged, college students

Section 127 of the Truth in Lending Act (15 U.S.C. 1637) is amended by adding at the end the following new subsection:

(h)

Provisions applicable with regard to the issuance of credit cards to full-time, traditional-aged, college students

(1)

Definitions

For purposes of this section, the following definitions shall apply:

(A)

Traditional college student credit card account defined

For purposes of this subsection, the term traditional college student credit card account means a credit card account under an open end consumer credit plan established or maintained for or on behalf of any full-time, traditional-aged, college student.

(B)

Full-time, traditional-aged, college student

The term full-time, traditional-aged, college student means an individual—

(i)

who is a student described in subparagraphs (A) and (B) of section 484(b)(3) of the Higher Education Act of 1965 at an institution of higher education; and

(ii)

whose age falls within the age cohort defined by such institution of higher education as the age cohort of traditional-aged students.

(C)

Institution of higher education

The term institution of higher education has the meaning given to such term in section 101(a) of the Higher Education Act of 1965.

(2)

Maximum amount limitation

Unless a parent or guardian of a full-time, traditional-aged, college student assumes joint liability for debts incurred by the student in connection with a traditional college student credit card account, the total amount of credit extended under a traditional college student credit card account to such student may not exceed the greater of—

(A)

20 percent of the annual gross income of the student in the most recently completed calendar year; or

(B)

the product of $500 and the number of full years which have elapsed since the traditional college student credit card account was opened, not to exceed $2,000.

(3)

Parental approval required to increase credit lines for accounts for which parent is jointly liable

No increase may be made in the amount of credit authorized to be extended under a traditional college student credit card account for which a parent or guardian of the consumer has assumed joint liability for debts incurred by the consumer in connection with the account before the consumer attains the upper limit of the age cohort described in paragraph (1)(B)(ii) with respect to such consumer, unless the parent or guardian of the consumer approves, in writing, and assumes joint liability for, such increase.

(4)

Prohibition on more than 1 credit card account for any full-time college student without independent income

No creditor may open a credit card account for, or issue any credit card to, any full-time, traditional-aged, college student who—

(A)

has no annual gross income; and

(B)

already maintains a credit card account under an open end consumer credit plan.

.