The Dodd AmendmentMay 11, 2009 - by Donny Shaw
Ryan Grim has posted the full text of the Dodd (Shelby approved) Senate amendment to the House-passed Credit Cardholders’ Bill of Rights Act. The amendment completely wipes out the original text and replaces it with new text. Ninety percent of it is more or less the same as the House version, but there are differences. Senatus has the key provisions of the Dodd bill.
One change in the Dodd bill that stands out to me is that he seems to be trying to rename the bill to the “Credit CARD Act,” which is the name of a similar bill he’s been pushing for years. Yesterday I wrote about how Dodd, for political reasons, has been really trying to own the credit card debate. But I thought Rep. Carolyn Maloney [D, NY-14] nailed it, as far as bill titles go, with the “Credit Cardholders’ Bill of Rights Act.”