PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 1197 (99th)

A bill to amend the Truth in Lending Act to limit the rate of interest which may be charged on credit card accounts.

openUnited States· United States Congress· EN

Introduced

21 February 1985

Last action

11 September 1986 · Committee

Status

Measure Defeated by Subcommittee on Consumer Affairs and Coinage.

Sponsors

Rep. Biaggi, Mario [D-NY-10], Rep. Owens, Major R. [D-NY-12], Rep. Lipinski, William O. [D-IL-5], Rep. Stokes, Louis [D-OH-21], Rep. Ford, Harold E. [D-TN-8], Rep. Hertel, Dennis M. [D-MI-14], Rep. Roe, Robert A. [D-NJ-8], Rep. Annunzio, Frank [D-IL-11], Rep. Smith, Lawrence [D-FL-16], Rep. Savage, Gus [D-IL-2], Rep. McGrath, Raymond J. [R-NY-5], Rep. Eckart, Dennis E. [D-OH-11], Sen. Durbin, Richard J. [D-IL], Rep. Mrazek, Robert J. [D-NY-3], Rep. Ortiz, Solomon P. [D-TX-27], Rep. Ackerman, Gary L. [D-NY-7], Rep. Bentley, Helen Delich [R-MD-2], Rep. Matsui, Robert T. [D-CA-3], Rep. Moakley, John Joseph [D-MA-9], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Bosco, Douglas H. [D-CA-1], Rep. Boxer, Barbara [D-CA-6], Rep. Traficant, James A., Jr. [D-OH-17], Rep. Addabbo, Joseph P. [D-NY-7], Rep. Jeffords, James M. [R-VT-At Large], Rep. Crockett, George W., Jr. [D-MI-13], Rep. Wortley, George C. [R-NY-27], Rep. Miller, George [D-CA-7], Rep. Morrison, Bruce A. [D-CT-3], Rep. Mitchell, Parren J. [D-MD-7], Rep. Horton, Frank J. [R-NY-34], Rep. Collins, Cardiss [D-IL-7], Rep. Strang, Michael L. [R-CO-3], Rep. Wright, James C., Jr. [D-TX-12], Rep. Leland, Mickey [D-TX-18], Rep. Martinez, Matthew G. [D-CA-30], Del. de Lugo, Ron [D-VI-At Large], Rescom. Fuster, Jamie B. [D-PR-At Large], Rep. Evans, Lane [D-IL-17], Del. Sunia, Foto I. F. [D-AS-At Large], Rep. Towns, Edolphus [D-NY-11], Rep. Weiss, Ted [D-NY-17]

Subjects

Discovery layer

Source updated

6 February 2024

Official sourceView documentsShare

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 February 1985

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  2. 21 February 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 February 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 1 March 1985

    Referred

    Referred to Subcommittee on Consumer Affairs and Coinage.

    Source: Committee

  5. 29 October 1985

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  6. 11 September 1986

    Committee

    Measure Defeated by Subcommittee on Consumer Affairs and Coinage.

    Source: Committee

  7. 11 September 1986

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.