Capping Credit Card Interest Rates Act
- Introduced Sep 11
- Committee Sep 11
- Passed Senate Next
- Passed House Not yet
- To President Not yet
- Law Not yet
Where it stands
In committee, Sep 11, 2023Next: Senate vote
1143d ago Sep 11, 2023: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Final votes
No roll callsNo recorded vote on this bill yet
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Companies lobbying on this bill
2 companiesCompanies by sector
Financials 2
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Votes
No recorded roll-call vote on this bill yet
Member trades
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Summary
Capping Credit Card Interest Rates Act
Full summary1 paragraphs
This bill caps credit card interest rates at 18%, including all finance charges. Additional charges may not be imposed to evade this limitation. Creditors who violate this bill are subject to civil liability.
Library of Congress summary, Sep 11, 2023
Summary versions
- Introduced in SenateSep 11, 2023
Actions
- SenateIntroduced in SenateSep 11, 2023
- SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.Sep 11, 2023
Bill record
Text versions1
- Introduced in SenateSep 11, 2023PDF: Introduced in Senate
Committees1
- Senate Banking, Housing, and Urban Affairs CommitteeReferred To Sep 11, 2023
Sponsor and cosponsors0 cosponsors
- Sen. Josh Hawley (R-MO)Sponsor, Sep 11, 2023
Amendments0
No amendments offered
Cost estimates and reports0
No cost estimate or committee report yet
Titles2
Short titles
- Capping Credit Card Interest Rates ActShort Title(s) as Introduced
Official titles
- A bill to amend the Truth in Lending Act to cap credit card interest rates.Official Title as Introduced
Subjects1
Policy area
Related bills0
No related bills listed
Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.