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    <updateDate>2017-12-13T21:40:12Z</updateDate>
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    <introducedDate>2009-03-10</introducedDate>
    <congress>111</congress>
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            <date>2009-03-10T23:26:17Z</date>
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        <title>Financial Product Safety Commission Act of 2009</title>
        <congress>111</congress>
        <number>1705</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2009-03-25</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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        <actionDate>2009-03-10</actionDate>
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        <actionDate>2009-03-10</actionDate>
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        <fullName>Sen. Durbin, Richard J. [D-IL]</fullName>
        <firstName>Richard</firstName>
        <lastName>Durbin</lastName>
        <party>D</party>
        <state>IL</state>
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        <fullName>Sen. Schumer, Charles E. [D-NY]</fullName>
        <firstName>Charles</firstName>
        <lastName>Schumer</lastName>
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        <state>NY</state>
        <middleName>E.</middleName>
        <sponsorshipDate>2009-03-10</sponsorshipDate>
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        <fullName>Sen. Kennedy, Edward M. [D-MA]</fullName>
        <firstName>EDWARD</firstName>
        <lastName>KENNEDY</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>MOORE</middleName>
        <sponsorshipDate>2009-03-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>S000033</bioguideId>
        <fullName>Sen. Sanders, Bernard [I-VT]</fullName>
        <firstName>Bernard</firstName>
        <lastName>Sanders</lastName>
        <party>I</party>
        <state>VT</state>
        <sponsorshipDate>2009-05-04</sponsorshipDate>
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        <bioguideId>W000802</bioguideId>
        <fullName>Sen. Whitehouse, Sheldon [D-RI]</fullName>
        <firstName>Sheldon</firstName>
        <lastName>Whitehouse</lastName>
        <party>D</party>
        <state>RI</state>
        <sponsorshipDate>2009-05-13</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M001176</bioguideId>
        <fullName>Sen. Merkley, Jeff [D-OR]</fullName>
        <firstName>Jeff</firstName>
        <lastName>Merkley</lastName>
        <party>D</party>
        <state>OR</state>
        <sponsorshipDate>2009-05-20</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <bioguideId>F000457</bioguideId>
        <fullName>Sen. Franken, Al [D-MN]</fullName>
        <firstName>Al</firstName>
        <lastName>Franken</lastName>
        <party>D</party>
        <state>MN</state>
        <sponsorshipDate>2009-08-04</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects>
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          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Consumer affairs</name>
        </item>
        <item>
          <name>Consumer credit</name>
        </item>
        <item>
          <name>Executive agency funding and structure</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
        <item>
          <name>Government studies and investigations</name>
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      <policyArea>
        <name>Finance and Financial Sector</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2009-03-10</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2009-04-16T19:10:20Z</updateDate>
        <text><![CDATA[ <p>Financial Product Safety Commission Act of 2009 - Establishes the Financial Product Safety Commission to: (1) promulgate consumer financial product safety rules; (2) establish a best practices guide for all providers of consumer financial products; (3) conduct continuing studies and investigations of consumer financial products industry practices; (4) award grants or enter into contracts for the conduct of such studies and investigations; (5) assist public and private organizations or groups of consumer financial product providers, administratively and technically, in the development of safety standards or guidelines that would assist them in complying with any Commission rule; (6) comment on selected agency rulemakings affecting consumer financial products; and (7) establish a consumer financial product customer hotline.</p>]]></text>
      </summary>
    </summaries>
    <title>Financial Product Safety Commission Act of 2009</title>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Financial Product Safety Commission Act of 2009</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Financial Product Safety Commission Act of 2009</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to create a Financial Product Safety Commission, to provide consumers with stronger protections and better information in connection with consumer financial products, and to give providers of consumer financial products more regulatory certainty.</title>
      </item>
    </titles>
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        <type>Introduced in Senate</type>
        <date>2009-03-10T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-111s566is/xml/BILLS-111s566is.xml</url>
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    <latestAction>
      <actionDate>2009-03-10</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2975-2978)</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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