H.R. 5988 (110th): Fair and Justifiable Credit Card Interest Rate Act of 2008

Introduced:
May 07, 2008 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
Sponsor
Maurice Hinchey
Representative for New York's 22nd congressional district
Party
Democrat
Text
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Last Updated
May 07, 2008
Length
2 pages
 
Status

This bill was introduced on May 7, 2008, in a previous session of Congress, but was not enacted.

Progress
Introduced May 07, 2008
Referred to Committee May 07, 2008
 
Full Title

To amend the Truth in Lending Act to impose a cap on the rate of interest that may be charged on consumer credit card accounts, and for other purposes.

Summary

No summaries available.

Cosponsors
5 cosponsors (5D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/7/2008--Introduced.
Fair and Justifiable Credit Card Interest Rate Act of 2008 - Amends the Truth in Lending Act to prohibit the annual percentage rate applicable to any extension of credit on a credit card account under an open end consumer credit plan from exceeding 20%.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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