Video archive of the US Congress

House Proceeding 04-30-09 on Apr 30th, 2009 :: 1:29:10 to 1:30:35
Total video length: 2 hours 32 minutes Stream Tools: Stream Overview | Edit Time

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Luis V. Gutierrez

1:29:06 to 1:29:26( Edit History Discussion )

Luis V. Gutierrez: amendment, pure and simple. i urge its i reserve the balance of my time. the chair: for what purpose does the gentleman from illinois rise? mr. gutierrez: i rise in opposition to the amendment. the chair: the gentleman is recognized for five minutes. mr. gutierrez: i yield myself such time as i may consume. the chair: the gentleman virginia tech. mr. amendment because it would essentially allow credit card

Luis V. Gutierrez

1:29:10 to 1:30:35( Edit History Discussion )
Speech By: Luis V. Gutierrez

Luis V. Gutierrez

1:29:27 to 1:29:48( Edit History Discussion )

Luis V. Gutierrez: insurers to circumvent most of the consumer protections in this bill such as double cycle billing and retroactive price increases by simply making available one card that does not have these practices. the key to this amendment is that credit card companies will not be required to offer the

Luis V. Gutierrez

1:29:49 to 1:30:09( Edit History Discussion )

Luis V. Gutierrez: cards to consumers that they do not include predatory practices. in other words, consumers with the highest credit scores, those that have the ability to pay and the greatest assets and income, will get the good card, the one without double billing, without

Luis V. Gutierrez

1:30:10 to 1:30:30( Edit History Discussion )

Luis V. Gutierrez: retroactive price increases, and th will get the subprime cards that include the very deceptive practices that this bill was intended to stop. and that's why i have to opposition to this. it's almost as though we went

Luis V. Gutierrez

1:30:31 to 1:30:37( Edit History Discussion )

Luis V. Gutierrez: through this for nothing. allowed this -- allow this amendment to pass and most of the work we have done in

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