Pres Obama also signed four bills into law today. The measures were flown to him in Hawaii for his signature:
-H.R. 6398, which provides for permanent Federal deposit insurance coverage for Interest on Lawyers Trust Accounts, the interest earned on which is used by States to support legal aid for low-income individuals;
-H.R. 6517, the “Omnibus Trade Act of 2010,” which extends the Andean Trade Preference Act Trade Adjustment Assistance;
-S. 3386, the “Restore Online Shoppers’ Confidence Act,” which protects online consumers from unfair and deceptive sales tactics on the Internet by: (1) requiring companies that offer goods or services on other companies' websites to meet certain requirements before charging consumers' financial accounts; (2) prohibiting companies from transferring their customers' billing information to companies that are offering goods or services on their websites; and (3) requiring companies that use "negative options" (i.e., require consumers to take an affirmative action to reject goods or services) to meet certain minimum requirements; and
-S. 4058, “Helping Heroes Keep Their Homes Act of 2010,” which extends enhanced protections for service members relating to mortgages and mortgage foreclosures through December 31, 2012.