Let's cap credit-card interest rates, take the fight to Big Pharma, end exploitative forced labor, and rid politics of corporate money once and for all.
Cap credit-card interest rates.
Occurrences
Evidence
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Hawley's office said he and Sen. Bernie Sanders introduced bipartisan legislation to immediately cap credit-card interest rates at 10 percent for five years.
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Congress.gov bill text says S.381 would amend the Truth in Lending Act so credit-card APRs may not exceed 10 percentage points, inclusive of finance charges.
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Congress.gov lists the latest action as read twice and referred to Senate Banking on February 4, 2025, with status still Introduced.
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Congress.gov lists Sen. Josh Hawley of Missouri as an original cosponsor of S.381 on February 4, 2025.
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Congress.gov identifies H.R.1944 as an identical House bill and lists its latest action as referral to the House Financial Services Committee on March 6, 2025.
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The Washington Post reported Trump proposed a one-year 10 percent cap without implementation details, and that the Hawley-Sanders bill had yet to progress in Congress.
Assessments
Hawley took a concrete same-term legislative step by joining the Hawley-Sanders 10 Percent Credit Card Interest Rate Cap Act, which directly matches the promise to cap credit-card interest rates. But the bill remains only introduced and referred to committee, with no Senate passage, House passage, presidential action, or enacted federal cap. Because the promised policy has not been delivered despite a serious legislative attempt, this is a failed delivery with effort credit.