S. 1799 - FAIR Overdraft Coverage Act

Finance and financial sector. 111th Congress (2009-2010) View bill details
Sponsor:
Summary:
A bill to amend the Truth in Lending Act, to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at depository institutions, and for other purposes. (by CRS) 
Status:
The bill has been introduced. 
There have been no votes on this bill.

FAIR Overdraft Coverage Act

S. 1799 — 111th Congress (2009–2010)

Summary
A bill to amend the Truth in Lending Act, to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at depository institutions, and for other purposes. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the Truth in Lending Act, to establish fair and transparent practices related to the marketing and provision of overdraft coverage programs at depository institutions, and for other purposes.
Other Titles
  • FAIR Overdraft Coverage Act
  • Fairness and Accountability in Receiving Overdraft CoverageAct of 2009
Sponsor
Christopher Dodd
Co-Sponsors
Subjects
  • Finance and financial sector
  • Administrative law and regulatory procedures
  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Congressional oversight
  • Consumer affairs
  • Consumer credit
  • Federal Reserve System
  • Marketing and advertising
Related Bills
Major Actions
Introduced10/19/2009
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced10/19/2009
10/19/2009Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
10/19/2009Sponsor introductory remarks on measure. (CR S10521-10522)
11/17/2009Committee on Banking, Housing, and Urban Affairs. Hearings held.
NumberSponsorDate OfferedStatus

Average contributions given to Senators from interest groups that…

supported this bill

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opposed this bill

20 Organizations Supported and 6 Opposed; See Which Ones

Organizations that took a position on
FAIR Overdraft Coverage Act

20 organizations supported this bill

AFL-CIO
AFL-CIO (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Americans for Fairness in Lending
Americans for Fairness in Lending (AFFIL) (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Black Leadership Forum
Black Leadership Forum (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Center for Responsible Lending
Center for Responsible Lending (2010, February 4). Consumers Overwhelmingly Support Bank Overdraft Reforms. Retrieved November 24, 2010, from Consumer Federation of America.
Communications Workers of America
CWA-UAW Legislative Alliance (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Consumer Action
Consumer Action (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Consumer Federation of America
Consumer Federation of America (2010, February 4). Consumers Overwhelmingly Support Bank Overdraft Reforms. Retrieved November 24, 2010, from Consumer Federation of America.
Consumers Union
Consumers Union (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Leadership Conference on Civil Rights
Leadership Conference on Civil Rights (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
National Association for the Advancement of Colored People
NAACP (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
National Association of Consumer Advocates
National Association of Consumer Advocates (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
National Black Caucus of Local Elected Officials
National Black Caucus for Local Elected Officials (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
National Consumer Law Center
National Consumer Law Center (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
National Consumers League
National Consumers League (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
National Council of La Raza
National Council of La Raza (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
National People's Action
National People’s Action (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Public Citizen
Public Citizen (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Sargent Shriver National Center on Poverty Law
Sargent Shriver Center on Poverty Law (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
Service Employees International Union
Service Employees International Union (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.
U.S. PIRG
U.S. PIRG (2009, October 28). Dear Chairman Dodd:. Retrieved November 24, 2010, from National Assocation of Consumer Advocates.

6 organizations opposed this bill

American Bankers Association
American Bankers Association (2009). Overdraft Protection: Why S. 1799 and H.R. 3904 Should Be Opposed. Retrieved November 24, 2010, from Arkansas Bankers Association.
Community Bankers Association of Ohio
Community Bankers Association of Ohio (2010, September 28). 111th Congress – U.S. Senate. Retrieved November 24, 2010, from Community Bankers Association of Ohio.
Credit Union National Association
CUNA (2010, February 8). Are the Current Finalized Fed Overdraft Rules Enough To Satisfy. Retrieved November 24, 2010, from Credit Union National Association.
Georgia Bankers Association
Georgia Bankers Association (n.d.). The State of the Overdraft. Retrieved November 24, 2010, from Georgia Bankers Association.
Hopewell Federal Credit Union
Hopewell Federal Credit Union (2009, October 20). Proposed New Legislation Will Limit Your Overdraft Protection. Retrieved November 24, 2010, from Hopewell Federal Credit Union's Blog.
National Association of Federal Credit Unions
National Association of Federal Credit Unions (2010, July 0). Overdraft. Retrieved November 24, 2010, from National Association of Federal Credit Unions.

Need proof?

View citations of support and opposition

Includes reported contributions to congressional campaigns of Senators in office during the 111th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2005 – December 31, 2010.
Contributions data source: OpenSecrets.org

Contributions by Legislator

Namesort iconPartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$45,490$57,800
Andrew Lamar AlexanderRTN$19,500$94,000
John BarrassoRWY$0$50,450
Max BaucusDMT$33,050$232,629
Birch "Evan" BayhDIN$15,650$118,621
Mark BegichDAK$55,425$18,550
Michael BennetDCO$95,789$100,200
Bob BennettRUT$5,000$158,950
Jesse "Jeff" BingamanDNM$26,250$35,150
Christopher "Kit" BondRMO$5,600$18,800
Barbara BoxerDCA$109,683$51,650
Sherrod BrownDOH$93,472$113,912
Sam BrownbackRKS$2,100$4,000
Jim BunningRKY$0$28,949
Richard BurrRNC$5,250$242,332
Roland BurrisDIL$0$0
Robert ByrdDWV$42,950$50,850
Maria CantwellDWA$64,850$42,335
Ben CardinDMD$76,750$59,650
Tom CarperDDE$6,800$220,179
Bob CaseyDPA$118,150$143,075
Clarence Saxby ChamblissRGA$5,100$228,998
Tom CoburnROK$2,900$73,500
William Thad CochranRMS$1,500$40,150
Susan CollinsRME$2,400$113,904
Gaylord Kent ConradDND$21,600$117,922
Bob CorkerRTN$13,600$256,150
John CornynRTX$46,675$361,908
Mike CrapoRID$9,550$151,407
Jim DeMintRSC$500$104,910
Chris DoddDCT$45,500$281,800
Byron DorganDND$19,100$23,000
Dick DurbinDIL$52,600$166,500
John EnsignRNV$6,900$64,350
Mike EnziRWY$5,000$85,300
Russ FeingoldDWI$60,750$41,920
Dianne FeinsteinDCA$43,139$69,000
Alan FrankenDMN$114,550$37,450
Kirsten GillibrandDNY$191,339$316,196
Lindsey GrahamRSC$20,150$115,350
Chuck GrassleyRIA$5,250$96,541
Judd GreggRNH$0$8,000
Kay HaganDNC$66,650$56,683
Tom HarkinDIA$111,780$84,771
Orrin HatchRUT$8,500$133,770
Kay Bailey HutchisonRTX$9,000$138,250
Jim InhofeROK$15,500$58,800
Dan InouyeDHI$36,450$78,275
Johnny IsaksonRGA$8,100$145,875
Mike JohannsRNE$0$109,500
Tim JohnsonDSD$44,048$235,544
Ted KaufmanDDE$0$0
John KerryDMA$40,350$57,830
Paul KirkDMA$0$0
Amy KlobucharDMN$95,863$112,849
Herb KohlDWI$0$0
Jon KylRAZ$14,900$220,750
Mary LandrieuDLA$51,450$127,299
Frank LautenbergDNJ$44,937$53,650
George LeMieuxRFL$0$0
Patrick LeahyDVT$24,550$25,285
Carl LevinDMI$67,471$56,350
Joe LiebermanICT$66,100$179,300
Blanche LincolnDAR$39,883$173,368
Dick LugarRIN$23,250$48,100
John McCainRAZ$15,500$57,075
Claire McCaskillDMO$69,320$63,150
Addison "Mitch" McConnellRKY$40,050$401,600
Bob MenéndezDNJ$116,170$171,150
Jeff MerkleyDOR$75,006$38,750
Barbara MikulskiDMD$37,183$22,250
Lisa MurkowskiRAK$16,750$46,820
Patty MurrayDWA$92,683$57,825
Earl "Ben" NelsonDNE$21,900$164,929
Clarence "Bill" NelsonDFL$20,000$80,600
Mark PryorDAR$30,088$103,892
John "Jack" ReedDRI$24,000$192,299
Harry ReidDNV$121,100$226,850
Jim RischRID$0$40,000
Charles "Pat" RobertsRKS$4,550$184,840
John "Jay" RockefellerDWV$36,550$68,200
Bernie SandersIVT$59,450$24,250
Chuck SchumerDNY$88,628$176,150
Jeff SessionsRAL$0$108,732
Jeanne ShaheenDNH$65,828$39,708
Richard ShelbyRAL$0$260,800
Olympia SnoweRME$20,650$60,250
Arlen SpecterDPA$89,270$111,950
Debbie StabenowDMI$67,505$149,836
Jon TesterDMT$39,600$91,750
John ThuneRSD$10,200$159,275
Mark UdallDCO$147,428$72,100
Tom UdallDNM$111,257$16,483
David VitterRLA$4,650$91,325
George VoinovichROH$7,600$47,650
Mark WarnerDVA$94,350$129,600
Jim WebbDVA$43,560$24,500
Sheldon WhitehouseDRI$44,400$39,950
Roger WickerRMS$4,300$151,824
Ron WydenDOR$14,400$53,000

Add Data Filters:

Legislator Filters
Legislator Filters
Show All
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$45,490$57,800
Andrew Lamar AlexanderRTN$19,500$94,000
John BarrassoRWY$0$50,450
Max BaucusDMT$33,050$232,629
Birch "Evan" BayhDIN$15,650$118,621
Mark BegichDAK$55,425$18,550
Michael BennetDCO$95,789$100,200
Bob BennettRUT$5,000$158,950
Jesse "Jeff" BingamanDNM$26,250$35,150
Christopher "Kit" BondRMO$5,600$18,800
Barbara BoxerDCA$109,683$51,650
Sherrod BrownDOH$93,472$113,912
Sam BrownbackRKS$2,100$4,000
Jim BunningRKY$0$28,949
Richard BurrRNC$5,250$242,332
Roland BurrisDIL$0$0
Robert ByrdDWV$42,950$50,850
Maria CantwellDWA$64,850$42,335
Ben CardinDMD$76,750$59,650
Tom CarperDDE$6,800$220,179
Bob CaseyDPA$118,150$143,075
Clarence Saxby ChamblissRGA$5,100$228,998
Tom CoburnROK$2,900$73,500
William Thad CochranRMS$1,500$40,150
Susan CollinsRME$2,400$113,904
Gaylord Kent ConradDND$21,600$117,922
Bob CorkerRTN$13,600$256,150
John CornynRTX$46,675$361,908
Mike CrapoRID$9,550$151,407
Jim DeMintRSC$500$104,910
Chris DoddDCT$45,500$281,800
Byron DorganDND$19,100$23,000
Dick DurbinDIL$52,600$166,500
John EnsignRNV$6,900$64,350
Mike EnziRWY$5,000$85,300
Russ FeingoldDWI$60,750$41,920
Dianne FeinsteinDCA$43,139$69,000
Alan FrankenDMN$114,550$37,450
Kirsten GillibrandDNY$191,339$316,196
Lindsey GrahamRSC$20,150$115,350
Chuck GrassleyRIA$5,250$96,541
Judd GreggRNH$0$8,000
Kay HaganDNC$66,650$56,683
Tom HarkinDIA$111,780$84,771
Orrin HatchRUT$8,500$133,770
Kay Bailey HutchisonRTX$9,000$138,250
Jim InhofeROK$15,500$58,800
Dan InouyeDHI$36,450$78,275
Johnny IsaksonRGA$8,100$145,875
Mike JohannsRNE$0$109,500
Tim JohnsonDSD$44,048$235,544
Ted KaufmanDDE$0$0
John KerryDMA$40,350$57,830
Paul KirkDMA$0$0
Amy KlobucharDMN$95,863$112,849
Herb KohlDWI$0$0
Jon KylRAZ$14,900$220,750
Mary LandrieuDLA$51,450$127,299
Frank LautenbergDNJ$44,937$53,650
George LeMieuxRFL$0$0
Patrick LeahyDVT$24,550$25,285
Carl LevinDMI$67,471$56,350
Joe LiebermanICT$66,100$179,300
Blanche LincolnDAR$39,883$173,368
Dick LugarRIN$23,250$48,100
John McCainRAZ$15,500$57,075
Claire McCaskillDMO$69,320$63,150
Addison "Mitch" McConnellRKY$40,050$401,600
Bob MenéndezDNJ$116,170$171,150
Jeff MerkleyDOR$75,006$38,750
Barbara MikulskiDMD$37,183$22,250
Lisa MurkowskiRAK$16,750$46,820
Patty MurrayDWA$92,683$57,825
Earl "Ben" NelsonDNE$21,900$164,929
Clarence "Bill" NelsonDFL$20,000$80,600
Mark PryorDAR$30,088$103,892
John "Jack" ReedDRI$24,000$192,299
Harry ReidDNV$121,100$226,850
Jim RischRID$0$40,000
Charles "Pat" RobertsRKS$4,550$184,840
John "Jay" RockefellerDWV$36,550$68,200
Bernie SandersIVT$59,450$24,250
Chuck SchumerDNY$88,628$176,150
Jeff SessionsRAL$0$108,732
Jeanne ShaheenDNH$65,828$39,708
Richard ShelbyRAL$0$260,800
Olympia SnoweRME$20,650$60,250
Arlen SpecterDPA$89,270$111,950
Debbie StabenowDMI$67,505$149,836
Jon TesterDMT$39,600$91,750
John ThuneRSD$10,200$159,275
Mark UdallDCO$147,428$72,100
Tom UdallDNM$111,257$16,483
David VitterRLA$4,650$91,325
George VoinovichROH$7,600$47,650
Mark WarnerDVA$94,350$129,600
Jim WebbDVA$43,560$24,500
Sheldon WhitehouseDRI$44,400$39,950
Roger WickerRMS$4,300$151,824
Ron WydenDOR$14,400$53,000

Interest Groups that supported this bill

$ Donated
Non-profit foundations$1,471,948
Minority/Ethnic Groups$1,166,822
Commercial service unions$472,500
Communications & hi-tech unions$422,400
Labor Unions$321,700
Human Rights$31,100
Consumer groups$6,100

Interest Groups that opposed this bill

$ Donated
Commercial banks & bank holding companies$8,647,844
Credit unions$997,575
Savings banks & Savings and Loans$466,778
General business associations$309,753
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