3.0.0 2419 2023-01-11T13:24:49Z 2023-01-11T13:24:49Z House H HR 2013-06-18 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. LOWEY:H.R. 2419.Congress has the power to enact this legislation pursuantto the following:Article One, Section Eight of the U.S. constitution.[Page H3759]]]> hsba00 Financial Services Committee House Standing Referred to 2013-06-18T14:02:10Z 2013-06-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-06-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-06-18 Introduced in House IntroReferral 1000 9 Library of Congress L000480 Rep. Lowey, Nita M. [D-NY-17] NITA LOWEY D NY M. 17 N T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2013-06-28 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2013-06-28 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2013-06-28 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2013-06-28 False C001097 Rep. Cárdenas, Tony [D-CA-29] Tony Cárdenas D CA 29 2013-08-02 False T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2013-08-02 False C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2013-08-02 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2013-08-02 False Finance and Financial Sector Consumer affairs Consumer credit Credit and credit markets Small business Finance and Financial Sector 00 2013-06-18 Introduced in House 2013-09-13T18:53:21Z Small Business Credit Card Act of 2013 - Amends the Truth in Lending Act to cover any qualified small business as a consumer with respect to a credit card account under an open end credit plan (thereby extending credit card protections under such Act to small businesses).

Defines "qualified small business" under the Act as any business concern having 50 or fewer employees, whether or not: (1) the credit card account is in the name of an individual or a business entity, and (2) any credit transaction involving such account is for business or personal purposes.

Permits a qualified small business to elect to opt out of coverage by the Act.

Requires certain creditor disclosures before opening any account under an open end consumer credit plan for a qualified small business.

Prohibits a creditor from: (1) discriminating against any business concern having 50 or fewer employees in connection with any credit card account under an open end credit plan; or (2) requiring any qualified small business to make an opt-out election as a condition for opening a credit card account, or for providing more advantageous terms for such an account.

]]> Small Business Credit Card Act of 2013 Display Title Small Business Credit Card Act of 2013 Official Title as Introduced To amend the Truth in Lending Act to provide coverage under such Act for credit cards issued to small businesses, and for other purposes. Introduced in House IH Short Titles as Introduced Small Business Credit Card Act of 2013 Introduced in House 2013-06-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr2419ih/xml/BILLS-113hr2419ih.xml 2013-06-18 Referred to the House Committee on Financial Services. 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.