[Congressional Record Volume 164, Number 40 (Wednesday, March 7, 2018)]
[Senate]
[Pages S1472-S1473]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2097. Mr. WHITEHOUSE (for himself, Mr. Reed, and Ms. Warren) 
submitted an amendment intended to be proposed by him to the bill S. 
2155, to promote economic growth, provide tailored regulatory relief, 
and enhance consumer protections, and for other purposes; which was 
ordered to lie on the table; as follows:


[[Page S1473]]


  

       At the appropriate place, insert the following:

     SEC. ___. LIMITS ON ANNUAL PERCENTAGE RATES.

       Chapter 2 of the Truth in Lending Act (15 U.S.C. 1631 et 
     seq.) is amended by adding at the end the following:

     ``SEC. 140B. LIMITS ON ANNUAL PERCENTAGE RATES.

       ``Notwithstanding any other provision of law, the annual 
     percentage rate applicable to any consumer credit transaction 
     (other than a residential mortgage transaction), including 
     any fees associated with such a transaction, may not exceed 
     the maximum rate permitted by the laws of the State in which 
     the consumer resides.''.
                                 ______