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4 Representatives Add End of Year Momentum to Credit Card Bill in Congress

This week, four more representatives in the House added their formal support to H.R. 4300, a bill that would cap credit card interest rates at an annual interest rate of 16%. They are:

Rep. Marcia Fudge [Ohio District 11]
Rep. Michael Honda [California District 15]
Rep. Thomas Perriello [Virginia District 5]
Rep. James Moran [Virginia District 8]

Despite the fact that the Christian Bible repeatedly calls for a prohibition on usury (the lending of money at high interest rates), not one of this week’s new cosponsors of H.R. 4300 is a member of the Congressional Prayer Caucus, a group of legislators in the House who say they advocate a return to Biblical governance. Overall, only one of the 71 formal supporters of H.R. 4300 in the Congress is a Prayer Caucus member.

To review a full list of the cosponsors of this credit card reform legislation, click here. If you oppose usury and support credit card reform, and if your member of Congress is not on that list, find your member’s contact information and give his or her a call today.

One thought on “4 Representatives Add End of Year Momentum to Credit Card Bill in Congress”

  1. Tom says:

    What ever happened to the “usury laws”? 10% used to be considered positively sinful – like street money rackets. Now 16% is okay?! GAAAA, i’m so glad i no longer use credit cards.

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