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

Total contributions given to Senators from Credit unions, which…

opposed this bill

Credit unions$1,044,297
$1,044,297

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 Credit unions interest groups, 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$0$10,550
Andrew Lamar AlexanderRTN$0$30,822
John BarrassoRWY$0$3,000
Max BaucusDMT$0$18,200
Birch "Evan" BayhDIN$0$6,920
Mark BegichDAK$0$1,950
Michael F. BennetDCO$0$6,500
Bob BennettRUT$0$12,000
Jesse "Jeff" BingamanDNM$0$6,400
Christopher "Kit" BondRMO$0$0
Barbara BoxerDCA$0$11,750
Sherrod BrownDOH$0$5,750
Sam BrownbackRKS$0$0
Jim BunningRKY$0$2,500
Richard BurrRNC$0$1,300
Roland BurrisDIL$0$0
Robert ByrdDWV$0$10,000
Maria CantwellDWA$0$1,000
Ben CardinDMD$0$14,000
Tom CarperDDE$0$14,000
Bob CaseyDPA$0$10,800
Clarence Saxby ChamblissRGA$0$15,450
Tom CoburnROK$0$5,250
William Thad CochranRMS$0$5,000
Susan M. CollinsRME$0$14,250
Gaylord Kent ConradDND$0$12,250
Bob CorkerRTN$0$18,250
John CornynRTX$0$44,385
Mike CrapoRID$0$20,000
Jim DeMintRSC$0$9,500
Chris DoddDCT$0$21,500
Byron DorganDND$0$15,000
Dick DurbinDIL$0$12,500
John EnsignRNV$0$7,000
Mike EnziRWY$0$3,000
Russ FeingoldDWI$0$10,100
Dianne FeinsteinDCA$0$14,750
Al FrankenDMN$0$2,550
Kirsten E. GillibrandDNY$0$18,750
Lindsey GrahamRSC$0$10,000
Chuck GrassleyRIA$0$25,500
Judd GreggRNH$0$0
Kay R. HaganDNC$0$5,000
Tom HarkinDIA$0$10,000
Orrin G. HatchRUT$0$29,020
Kay Bailey HutchisonRTX$0$15,500
Jim InhofeROK$0$250
Dan InouyeDHI$0$2,000
Johnny IsaksonRGA$0$5,000
Mike JohannsRNE$0$10,000
Tim JohnsonDSD$0$18,500
Ted KaufmanDDE$0$0
John F. KerryDMA$0$7,500
Paul KirkDMA$0$0
Amy KlobucharDMN$0$3,000
Herb KohlDWI$0$0
Jon KylRAZ$0$12,750
Mary L. LandrieuDLA$0$17,000
Frank R. LautenbergDNJ$0$5,000
George LeMieuxRFL$0$0
Patrick J. LeahyDVT$0$5,500
Carl LevinDMI$0$11,650
Joe LiebermanICT$0$14,000
Blanche LincolnDAR$0$8,000
Dick LugarRIN$0$7,400
John McCainRAZ$0$3,250
Claire McCaskillDMO$0$4,500
Addison "Mitch" McConnellRKY$0$24,200
Bob MenéndezDNJ$0$14,250
Jeff MerkleyDOR$0$6,250
Barbara A. MikulskiDMD$0$7,500
Lisa MurkowskiRAK$0$6,800
Patty MurrayDWA$0$15,700
Earl "Ben" NelsonDNE$0$16,750
Clarence "Bill" NelsonDFL$0$18,950
Mark L. PryorDAR$0$11,250
John "Jack" ReedDRI$0$10,250
Harry ReidDNV$0$42,200
Jim RischRID$0$10,000
Charles "Pat" RobertsRKS$0$1,000
John "Jay" RockefellerDWV$0$2,500
Bernie SandersIVT$0$20,000
Chuck SchumerDNY$0$18,750
Jeff SessionsRAL$0$3,800
Jeanne ShaheenDNH$0$5,000
Richard C. ShelbyRAL$0$18,000
Olympia J. SnoweRME$0$10,750
Arlen SpecterDPA$0$7,000
Debbie StabenowDMI$0$8,750
Jon TesterDMT$0$9,500
John ThuneRSD$0$17,550
Mark UdallDCO$0$29,500
Tom UdallDNM$0$1,500
David VitterRLA$0$14,750
George VoinovichROH$0$250
Mark R. WarnerDVA$0$22,850
Jim WebbDVA$0$500
Sheldon WhitehouseDRI$0$2,000
Roger F. WickerRMS$0$11,000
Ron WydenDOR$0$8,000

Add Data Filters:

Legislator Filters
Legislator Filters
Show All
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Daniel K. AkakaDHI$46,440$49,550
Andrew Lamar AlexanderRTN$19,500$127,872
John BarrassoRWY$4,600$52,150
Max BaucusDMT$35,800$247,353
Birch "Evan" BayhDIN$17,050$131,871
Mark BegichDAK$53,675$25,700
Michael F. BennetDCO$111,239$107,350
Bob BennettRUT$5,000$178,500
Jesse "Jeff" BingamanDNM$25,250$42,466
Christopher "Kit" BondRMO$5,400$22,250
Barbara BoxerDCA$106,273$63,650
Sherrod BrownDOH$101,672$112,037
Sam BrownbackRKS$2,600$5,000
Jim BunningRKY$0$35,875
Richard BurrRNC$5,250$236,034
Roland BurrisDIL$0$0
Robert ByrdDWV$44,700$65,850
Maria CantwellDWA$74,850$41,185
Ben CardinDMD$78,900$71,900
Tom CarperDDE$6,800$193,329
Bob CaseyDPA$135,050$146,580
Clarence Saxby ChamblissRGA$7,400$254,373
Tom CoburnROK$2,650$74,000
William Thad CochranRMS$1,500$46,150
Susan M. CollinsRME$2,200$138,054
Gaylord Kent ConradDND$19,350$122,672
Bob CorkerRTN$23,526$326,825
John CornynRTX$45,375$390,908
Mike CrapoRID$2,350$146,682
Jim DeMintRSC$500$110,805
Chris DoddDCT$80,100$286,850
Byron DorganDND$18,100$35,000
Dick DurbinDIL$55,850$161,750
John EnsignRNV$7,600$70,350
Mike EnziRWY$5,000$84,000
Russ FeingoldDWI$69,400$48,670
Dianne FeinsteinDCA$54,289$71,700
Al FrankenDMN$137,932$44,650
Kirsten E. GillibrandDNY$242,494$308,846
Lindsey GrahamRSC$18,250$122,063
Chuck GrassleyRIA$12,050$92,091
Judd GreggRNH$0$8,000
Kay R. HaganDNC$99,293$71,133
Tom HarkinDIA$124,330$90,221
Orrin G. HatchRUT$10,000$138,470
Kay Bailey HutchisonRTX$15,200$199,500
Jim InhofeROK$13,100$93,625
Dan InouyeDHI$17,400$83,975
Johnny IsaksonRGA$11,100$166,750
Mike JohannsRNE$0$120,200
Tim JohnsonDSD$36,698$263,847
Ted KaufmanDDE$0$0
John F. KerryDMA$43,050$52,250
Paul KirkDMA$0$0
Amy KlobucharDMN$107,263$129,249
Herb KohlDWI$0$0
Jon KylRAZ$21,900$242,700
Mary L. LandrieuDLA$54,700$138,899
Frank R. LautenbergDNJ$49,787$58,150
George LeMieuxRFL$0$0
Patrick J. LeahyDVT$28,600$29,285
Carl LevinDMI$70,721$60,200
Joe LiebermanICT$91,500$223,550
Blanche LincolnDAR$50,133$196,868
Dick LugarRIN$21,250$68,925
John McCainRAZ$22,300$65,425
Claire McCaskillDMO$77,020$74,350
Addison "Mitch" McConnellRKY$52,650$425,975
Bob MenéndezDNJ$121,770$170,750
Jeff MerkleyDOR$88,087$56,360
Barbara A. MikulskiDMD$39,133$29,000
Lisa MurkowskiRAK$8,000$50,570
Patty MurrayDWA$85,333$64,805
Earl "Ben" NelsonDNE$21,900$178,779
Clarence "Bill" NelsonDFL$24,600$100,050
Mark L. PryorDAR$30,888$120,192
John "Jack" ReedDRI$24,500$195,271
Harry ReidDNV$114,300$234,150
Jim RischRID$3,300$45,500
Charles "Pat" RobertsRKS$6,850$220,140
John "Jay" RockefellerDWV$44,850$70,000
Bernie SandersIVT$51,300$28,700
Chuck SchumerDNY$93,428$165,650
Jeff SessionsRAL$0$123,682
Jeanne ShaheenDNH$93,359$51,908
Richard C. ShelbyRAL$0$232,300
Olympia J. SnoweRME$20,700$76,720
Arlen SpecterDPA$105,870$119,700
Debbie StabenowDMI$78,705$158,836
Jon TesterDMT$50,500$94,670
John ThuneRSD$11,800$190,180
Mark UdallDCO$168,609$89,766
Tom UdallDNM$112,017$31,783
David VitterRLA$6,150$109,700
George VoinovichROH$8,100$67,850
Mark R. WarnerDVA$114,350$148,650
Jim WebbDVA$65,460$30,900
Sheldon WhitehouseDRI$71,250$46,350
Roger F. WickerRMS$7,300$163,024
Ron WydenDOR$15,800$55,000

Interest Groups that supported this bill

$ Donated
Non-profit foundations$2,022,519
Minority/Ethnic Groups$1,082,099
Commercial service unions$491,850
Communications & hi-tech unions$400,650
Labor Unions$342,550
Human Rights$42,001
Consumer groups$10,500

Interest Groups that opposed this bill

$ Donated
Commercial banks & bank holding companies$9,661,154
Credit unions$1,044,297
Savings banks & Savings and Loans$497,220
General business associations$212,753
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