Video archive of the US Congress

House Proceeding 04-29-09 on Apr 29th, 2009 :: 0:44:35 to 0:46:20
Total video length: 5 hours 24 minutes Stream Tools: Stream Overview | Edit Time

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Al Green

0:44:18 to 0:44:38( Edit History Discussion )

Al Green: the chair: congressman green is recognized for two minutes mr. green: i thank the chairman of the full committee, mr. frank. i think mr. gutierrez, our chairman of the subcommittee. i would like to thank the ranking member. and i look forward to working with you. i would like to move quickly to

Al Green

0:44:35 to 0:46:20( Edit History Discussion )
Speech By: Al Green

Al Green

0:44:39 to 0:45:02( Edit History Discussion )

Al Green: why i'm supporting this legislation. mr. chairman, the right time to do right is right now. we do not want to allow ourselves to become victims of something known as the parallels of analysis. we have analyzed this bill for years. it is now time for us to act. it is right for us to do

Al Green

0:45:03 to 0:45:24( Edit History Discussion )

Al Green: something about retroactive rate increases. this bill does something about it. if you have balance and the rate goes up, should the balance -- should increase applied to your previous balance or apply to balances going forward. that's what this bill does. it does not allow it to apply to

Al Green

0:45:25 to 0:45:46( Edit History Discussion )

Al Green: charges that you already made. should a person who is not emancipated, younger than 18 years of age, receive a credit card? i don't think so. this bill prohibits this. should persons have adequate notice to deal with rate increases? 45 dayss really not unreasonable if you get a rate

Al Green

0:45:47 to 0:46:08( Edit History Discussion )

Al Green: increase on your credit card. this bill accords 45 days' notice of rate increases. should a person have the right to have the payment go to the lowest interes pay off that rate first as opposed to the highest interest rate? well, i think we ought to let

Al Green

0:46:09 to 0:46:23( Edit History Discussion )

Al Green: people pay off the higher interest rate so they can make sure that they are not going to have higher bills in the future. the right time to do right is right now. let's not become a victim of

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