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A transcript of his remarks follows
“Mr. Speaker. Recently, Forbes Magazine ranked what they call the most miserable cities in the country. Memphis, Tennessee, was third on that list. They considered certain issues but they didn’t consider others.
“They didn't consider the best barbecue in the United States of America or some of the greatest music that comes from Beale Street, a great tourist center, or the gorgeous sunsets on the Mississippi River.
“I strongly supported passing the Credit CARD Act, also known as the Credit Cardholders’ Bill of Rights, because consumers need relief from the abusive billing practices of the credit card industry,” Congressman Cohen said. “The changes that go into effect on Monday will hold credit card companies more accountable, while providing tough new protections for consumers.”
The provisions of the Credit CARD Act that take effect on Monday will:
Congressman Cohen’s statement on the release of the report follows:
“Whether it’s creating and saving jobs, promoting economic development, investing in our transportation infrastructure, modernizing our schools and public housing, making our streets safer, or providing unemployment assistance or tax cuts to families, the ARRA is making a difference in the 9th District.