2016 Senate Bill 1055

Revise consumer credit card regulation details

Introduced in the Senate

Sept. 7, 2016

Introduced by Sen. Peter MacGregor (R-28)

To revise details of a 1984 law that regulates retail credit card transactions, agreements, charges, and disclosures. The bill would exclude from this law’s regulation charges made primarily for business or commercial purposes.

Referred to the Committee on Banking and Financial Institutions

Nov. 30, 2016

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Amendment offered

The amendment passed by voice vote

Dec. 1, 2016

Passed in the Senate 36 to 0 (details)

Received in the House

Dec. 1, 2016

Referred to the Committee on Financial Services