{"bill":{"id":"119-hr-1944","congress":119,"type":"HR","number":1944,"title":"10 Percent Credit Card Interest Rate Cap Act","originChamber":"House","introducedDate":"2025-03-06","sponsors":[{"bioguideId":"O000172","fullName":"Rep. Ocasio-Cortez, Alexandria [D-NY-14]","party":"D","state":"NY","district":14}],"cosponsorsCount":1,"latestAction":{"actionDate":"2025-03-06","text":"Referred to the House Committee on Financial Services."},"policyArea":"Finance and Financial Sector","subjects":[],"actions":[{"date":"2025-03-06","text":"Referred to the House Committee on Financial Services.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-03-06","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-03-06","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>10 Percent Credit Card Interest Rate Cap Act&nbsp;</strong></p><p>This bill temporarily caps credit card interest rates at 10%.</p><p>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&nbsp;Truth in Lending Act, which is enforced by the Consumer Financial Protection Bureau and the Federal Trade Commission.&nbsp;</p><p>These changes sunset on January 1, 2031.&nbsp;</p>","updateDate":"2026-04-17T20:14:34Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":287,"ts":"2026-07-14T04:33:49.460Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=10%20Percent%20Credit%20Card%20Interest%20Rate%20Cap%20Act"}]}}