PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10481)
Congressional Research Service
Version 00 · Introduced in Senate · Sep 28, 2006
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.
People & committees
Sen. Clinton, Hillary Rodham [D-NY] · D–NY
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10481)
Sponsor introductory remarks on measure. (CR S10480-10481)
Introduced in Senate
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 15, 2025. Consult Congress.gov for the current record.
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Analyze S.3978 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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