Skip to main content
HR 4320 104th Congress House

Truth in Credit Card Offers Act

Official title: To amend the Truth in Lending Act to require a credit card issuer to disclose only 1 annual percentage rate of interest in any preapproved application or solic… Show full official titleShow less

Official title: To amend the Truth in Lending Act to require a credit card issuer to disclose only 1 annual percentage rate of interest in any preapproved application or solicitation to open a credit card account under an open end consumer credit plan, and for other purposes.

Introduced: September 28, 1996 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Finance and Financial Sector AdvertisingCommerceConsumer creditConsumer education
More subjectsShow fewer subjects
Credit cardsEconomics and Public FinanceGovernment Operations and PoliticsInterest rates
Sign in to write a letter Sign in to watch
This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 1996
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sep 28, 1996
Referred to the House Committee on Banking and Financial Services.
Sep 28, 1996
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action September 28, 1996

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service

Truth in Credit Card Offers Act - Amends the Truth in Lending Act to declare that: (1) only one annual percentage rate of interest may be disclosed as the applicable rate for preapproved credit card solicitations or applications for an open end consumer credit plan; and (2) the typeface used to disclose such rate shall be twice as high as that used for any other item in the table.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4320: Truth in Credit Card Offers Act. 104th Congress. Open America. https://openamerica.io/bill/104-HR-4320/
MLA
"H.R. 4320: Truth in Credit Card Offers Act." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-4320/.
Bluebook (legal)
H.R. 4320, 104th Cong. (2026), https://openamerica.io/bill/104-HR-4320/.
Markdown link
[H.R. 4320: Truth in Credit Card Offers Act](https://openamerica.io/bill/104-HR-4320/)
Report a problem