H.R. 1944 · 119th Congress

10 Percent Credit Card Interest Rate Cap Act

Introduced on Mar 6, 2025 by Alexandria Ocasio-Cortez (D-NY-14). One cosponsor. Latest action (Mar 6, 2025): Referred to the House Committee on Financial Services.

Stage
Introduced
Introduced
Mar 6, 2025
Cosponsors
1
1 from the other party
Policy area
Finance and Financial Sector
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Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. 2Reported by committee
  3. 3Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

To amend the Truth in Lending Act to cap credit card interest rates at 10 percent.

Summary

By the Congressional Research Service (Introduced in House, Mar 6, 2025). Public domain.

10 Percent Credit Card Interest Rate Cap Act

This bill temporarily caps credit card interest rates at 10%.

Creditors that knowingly violate this bill forfeit the entire interest of the debt. The bill also provides a private right of action for debtors to recover interest, finance charges, or fees. The action must be brought within two years of the violation. In addition, violations of this bill are subject to civil liability under the Truth in Lending Act, which is enforced by the Consumer Financial Protection Bureau and the Federal Trade Commission.

These changes sunset on January 1, 2031.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Alexandria Ocasio-CortezD-NY-14Sponsor

Republicans · 1

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

No recorded roll call on this measure: it moved by voice vote or unanimous consent, or has not reached the floor.

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Mar 6, 2025Introduced in House
  2. Mar 6, 2025Introduced in House
  3. Mar 6, 2025 · HouseReferred to the House Committee on Financial Services.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. American Bankers Association12 reports
    $14.2M reported (all issues)Federal contractor: AMERICAN BANKERS ASSOCIATIONAI match · 100%
  2. SYNCHRONY FINANCIAL10 reports
    $2.2M reported (all issues)
  3. Citigroup Washington, Inc.8 reports
    $8.2M reported (all issues)
  4. AMERICAN EXPRESS COMPANY6 reports
    $2.5M reported (all issues)
  5. CREDIT UNION NATIONAL ASSOCIATION, INC.6 reports
    $6.9M reported (all issues)
  6. Electronic Payments Coalition Inc.6 reports
  7. JPMORGAN CHASE HOLDINGS LLC6 reports
    $6.8M reported (all issues)
  8. CONSUMER BANKERS ASSOCIATION5 reports
    $4.6M reported (all issues)
  9. Electronic Payments Coalition ("EPC")5 reports
    $750K reported (all issues)
  10. INDEPENDENT COMMUNITY BANKERS OF AMERICA4 reports
    $5.7M reported (all issues)
  11. Card Policy Council3 reports
    $150K reported (all issues)
  12. DISCOVER FINANCIAL SERVICES2 reports
    $890K reported (all issues)
  13. MASTERCARD Worldwide2 reports
    $3.2M reported (all issues)
  14. Michigan Credit Union League2 reports
    $80K reported (all issues)
  15. BANK OF AMERICA CORPORATION1 report
    $350K reported (all issues)Federal contractor: BANK OF AMERICA, NATIONAL ASSOCIATIONAI match · 99%
  16. CONFERENCE OF PROVINCIALS OF NORTH AMERICA1 report
    $20K reported (all issues)
  17. THE BOEING COMPANY1 report
    $3.3M reported (all issues)Federal contractor: THE BOEING COMPANY$9B in contracts, FY2026AI match · 99%

Reports filed in 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 10, 2026 · loaded Oct 10, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 10, 2026 · loaded Oct 10, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.