HB 1364 - AS INTRODUCED
2000 SESSION
HOUSE BILL 1364
AN ACT establishing a study committee on student credit card debt and regulation of credit card solicitation on college campuses.
SPONSORS: Rep. Gile, Merr 16; Rep. Konys, Hills 33; Sen. D'Allesandro, Dist 20
This bill establishes a study committee on student credit card debt and regulation of credit card solicitation on college campuses.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2169
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT establishing a study committee on student credit card debt and regulation of credit card solicitation on college campuses.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Committee Established. There is established a committee to study the impact of accumulated credit card debt on college students and recent college graduates to determine if there should be oversight or regulation of credit card solicitation practices on college campuses.
2 Membership and Compensation.
I. The members of the committee shall be as follows:
(a) Three members of the house of representatives, appointed by the speaker of the house.
(b) Three members of the senate, appointed by the president of the senate.
II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.
3 Duties.
I. The committee shall study the impact of accumulated credit card debt on college students and recent college graduates to determine if oversight or regulation of credit card solicitation practices on college campuses is recommended. The committee's study shall include, but not be limited to:
(a) Credit card marketing practices, such as the use of promotional incentives.
(b) Parental liability for credit card debt.
(c) Reduced or special interest rates for students.
(d) The effects of consumer finance education.
II. The committee shall solicit input from representatives of the university system of New Hampshire and representatives of community-technical and private colleges within the state, including financial aid officers, students, and parents of students.
4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.
5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the senate president, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2000.
6 Effective Date. This act shall take effect 60 days after its passage.