S 2760 · 118th Congress · Finance and Financial Sector

Capping Credit Card Interest Rates Act

Introduced 2023-09-11· Sponsored by Sen. Hawley, Josh [R-MO]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-09-11)

Plain Language Summary

[AI summary unavailable — showing source text] 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.  …

Summarized by Claude AI · Non-partisan · For informational purposes only