Beltway Confidential

Sen. Josh Hawley’s credit card rate cap bill should spark zero interest from fellow lawmakers

By Tiana Lowe Doescher
Published September 22, 2023 9:20am ET
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Sen. Josh Hawley’s credit card rate cap bill should spark zero interest from fellow lawmakers
A bill attracting attention in the Senate would cap credit card interest rates at 18%. It’s not sponsored by Sens. Sherrod Brown (D-OH) or Elizabeth Warren (D-MA), stalwarts of the progressive Left. Rather, it’s being offered by Sen. Josh Hawley (R-MO) in a move that, however well intentioned, makes a mockery of free markets and […]

A bill attracting attention in the Senate would cap credit card interest rates at 18%. It’s not sponsored by Sens. Sherrod Brown (D-OH) or Elizabeth Warren (D-MA), stalwarts of the progressive Left.

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Credit Cards Federal Reserve Inflation Interest Rates Josh Hawley Washington D.C.