S. 3978: Debit and Check Card Consumer Protection Act of 2006

109th Congress · introduced 2006-09-28 · Finance and Financial Sector · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10481)

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Follow this bill, step by step

Where it came from: introduced 2006-09-28 · official record
Who proposed it: Sen. Clinton, Hillary Rodham [D-NY] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10481) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Debit and Check Card Consumer Protection Act of 2006

Plain summary

Debit and Check Card Consumer Protection Act of 2006 - Amends the Electronic Funds Transfer Act regarding consumer liability for unauthorized electronic fund transfers to repeal the provision that financial institutions need not reimburse a consumer for losses that would not have occurred but for the consumer's failure to report an unauthorized electronic fund transfer or account error within a certain time period. Repeals the $500 consumer liability limit for such unauthorized transfers or account errors (thus applying the regular $50 maximum limit currently specified for timely reported unauthorized transfers or account errors). Applies error resolution requirements to any charge for goods or services not accepted by the consumer (or designee), or not delivered to the consumer (or designee), in accordance with the agreement made at the time of a transaction. Sets forth the rights of consumers with respect to issuers of accepted credit and debit cards.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Debit and Check Card Consumer Protection Act of 2006

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Clinton, Hillary Rodham [D-NY] · 0 cosponsors

Cost estimate: No cost estimate published yet.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)

Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-109s3978.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/109/s>

Record fed-us-cong109-s3978 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109