HR 1197
99th Congress
House
Commerce
Consumer credit
Consumer protection
Credit
Credit cards
Finance and Financial Sector
Interest
Interest rates
A bill to amend the Truth in Lending Act to limit the rate of interest which may be charged on credit card accounts.
Introduced: February 21, 1985
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 11, 1986
Measure Defeated by Subcommittee on Consumer Affairs and Coinage.
Sep 11, 1986
Subcommittee Consideration and Mark-up Session Held.
Oct 29, 1985
Subcommittee Hearings Held.
Mar 1, 1985
Referred to Subcommittee on Consumer Affairs and Coinage.
Feb 21, 1985
Referred to House Committee on Banking, Finance and Urban Affairs.
Feb 21, 1985
Introduced in House
Plain-English summary
Amends the Truth in Lending Act to limit the rate of interest which may be charged on credit card accounts to not more than five percentage points higher than the discount rate on 90-day commercial paper in effect at the Federal Reserve district in which the card issuer is located.
What's happening now
Measure Defeated by Subcommittee on Consumer Affairs and Coinage.
Committees of jurisdiction
2
Cosponsors
1