3.0.0 3636 2023-01-11T13:23:09Z 2023-01-11T13:23:09Z Senate S S 2012-11-26 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2012-11-26T22:11:28Z 2012-11-26 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2012-11-26 Sponsor introductory remarks on measure. (CR S6895-6896) IntroReferral B00100 9 Library of Congress 2012-11-26 Introduced in Senate IntroReferral 10000 9 Library of Congress B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT N S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2012-12-03 False C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2012-12-10 False Finance and Financial Sector Bankruptcy Consumer affairs Retail and wholesale trades Finance and Financial Sector 00 2012-11-26 Introduced in Senate 2012-12-12T17:41:04Z Gift Card Consumer Protection Act of 2012 - Amends the Electronic Fund Transfer Act to repeal the exclusion from, and so include within, the definitions of "general-use prepaid card," "gift certificate," and "store gift card" a loyalty, award, or promotional gift card (thus extending to the latter the same consumer protections).

Repeals exceptions to the prohibitions against: (1) imposition of a dormancy fee, an inactivity fee, or a service fee in connection with a gift certificate, store gift card, or general-use prepaid card; and (2) the sale of gift cards with expiration dates. (Thereby renders such fees and expiration dates unlawful without exception.)

Makes it unlawful for a person that has filed for federal bankruptcy protection to either sell, resell, issue, or reissue a gift certificate or store gift card.

Amends federal bankruptcy law to declare that the filing of a petition in bankruptcy shall not operate as a stay against the presentation or redemption of a gift certificate or store gift card at full value.

Requires the trustee in bankruptcy, if the debtor's business is authorized to be operated, unless the court orders otherwise, to: (1) honor at full value a gift certificate or store gift card issued by the debtor, and (2) treat the gift certificate or gift card the same as cash.

]]> Gift Card Consumer Protection Act of 2012 Display Title Gift Card Consumer Protection Act of 2012 Official Title as Introduced A bill to provide increased consumer protections for gift cards. Introduced in Senate IS Short Titles as Introduced Gift Card Consumer Protection Act of 2012 Introduced in Senate 2012-11-26T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3636is/xml/BILLS-112s3636is.xml 2012-11-26 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN 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. Congressional Research Service, Library of Congress 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.