Proposal:Capping Credit Card Interest Rates Act

This proposal is archived and closed to further debate. It was introduced in the 118th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 2760
Type of Legislation	Senate Bill
Congress	118
Status	Archived — 118th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

Capping Credit Card Interest Rates Act

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.  

Bill Title

Capping Credit Card Interest Rates Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2023-09-11: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• 2023-09-11: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.