Skip to main content
HR 336 112th Congress House Finance and Financial Sector Civil actions and liability Consumer credit Interest, dividends, interest rates

Interest Rate Reduction Act

Introduced: January 19, 2011 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Mar 23, 2011
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jan 19, 2011
Referred to the House Committee on Financial Services.
Jan 19, 2011
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.

 Plain-English summary Congressional Research Service

Interest Rate Reduction Act - Amends the Truth in Lending Act to prohibit the annual percentage rate of interest (APR) applicable to any extension of credit to a consumer from exceeding 15% on unpaid balances, inclusive of all finance charges.

Authorizes the Board of Governors of the Federal Reserve System to establish an APR ceiling exceeding the 15% annual rate for periods not to exceed 18 months, upon a determination that: (1) money market interest rates have risen over the preceding six-month period; and (2) prevailing interest rate levels threaten the safety and soundness of individual lenders, as evidenced by adverse trends in liquidity, capital, earnings, and growth.

Declares the interest rate limitation inapplicable to an extension of credit by an insured credit union.

Subjects a creditor who violates this Act to a civil penalty.

What's happening now March 23, 2011

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Cohen, Steve
Tennessee · Jan 19, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 336: Interest Rate Reduction Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-336/
MLA
"H.R. 336: Interest Rate Reduction Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-336/.
Bluebook (legal)
H.R. 336, 112th Cong. (2026), https://openamerica.io/bill/112-HR-336/.
Markdown link
[H.R. 336: Interest Rate Reduction Act](https://openamerica.io/bill/112-HR-336/)
Report a problem