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OK, so government = Obama.
Got it.
Might as well use this opportunity to learn about how a bill becomes law:
"The Credit Cardholders' Bill of Rights was introduced in the 110th Congress as H.R. 5244 in the House of Representatives by Representative Carolyn Maloney, a Democrat from New York and the chair of the House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit. The bill had passed 312 to 112 but was never given a vote in the Senate.
In the 111th United States Congress the bill was reintroduced as H.R. 627 and on April 30, 2009, the House passed it, with a strong bipartisan basis, with 357 yes votes to 70 no votes. The Senate followed suit and passed an amended version on May 19 with 90 yes votes and 5 no votes.[2] The House passed the amended bill the next day by a vote of 279 to 147 and it was signed into law by President Barack Obama on May 22, 2009.
The bill went into effect on February 22, 2010, nine months after it was enacted."
Proposed by a member of the House of Representatives, voted for an passed in the House and the Senate with overwhelming bipartisan support (those are all your representatives, by the way) and then signed by the president.
Had Obama vetoed the bill, congress could have easily gathered the votes to override it in the house.
And actually, all of the guidelines of the bill were set by the Board of Governors from the Federal Reserve, which isn't even a branch of the government, oddly enough.
If you want the facts read up on it from the Library of Congress here.
Your gripe is with Paypal, my friend. Not with Obama. Let's all learn to appreciate the limitations of the federal government and the POTA.
Paypal has been freezing accounts and taking money from people for a decade....LONG before any kind of credit card regulation was proposed in Congress.
Got it.
Might as well use this opportunity to learn about how a bill becomes law:
"The Credit Cardholders' Bill of Rights was introduced in the 110th Congress as H.R. 5244 in the House of Representatives by Representative Carolyn Maloney, a Democrat from New York and the chair of the House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit. The bill had passed 312 to 112 but was never given a vote in the Senate.
In the 111th United States Congress the bill was reintroduced as H.R. 627 and on April 30, 2009, the House passed it, with a strong bipartisan basis, with 357 yes votes to 70 no votes. The Senate followed suit and passed an amended version on May 19 with 90 yes votes and 5 no votes.[2] The House passed the amended bill the next day by a vote of 279 to 147 and it was signed into law by President Barack Obama on May 22, 2009.
The bill went into effect on February 22, 2010, nine months after it was enacted."
Proposed by a member of the House of Representatives, voted for an passed in the House and the Senate with overwhelming bipartisan support (those are all your representatives, by the way) and then signed by the president.
Had Obama vetoed the bill, congress could have easily gathered the votes to override it in the house.
And actually, all of the guidelines of the bill were set by the Board of Governors from the Federal Reserve, which isn't even a branch of the government, oddly enough.
If you want the facts read up on it from the Library of Congress here.
Your gripe is with Paypal, my friend. Not with Obama. Let's all learn to appreciate the limitations of the federal government and the POTA.
Paypal has been freezing accounts and taking money from people for a decade....LONG before any kind of credit card regulation was proposed in Congress.
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