To establish a maximum rate of interest for loans insured under title II of the National Housing Act, and for other purposes.

SA 4401. Mr. SANDERS submitted an amendment intended to be proposed
by him to the bill H.R. 3221, moving the United States toward greater
energy independence and security, developing innovative new
technologies, reducing carbon emissions, creating green jobs,
protecting consumers, increasing clean renewable energy production, and
modernizing our energy infrastructure, and to amend the Internal
Revenue Code of 1986 to provide tax incentives for the production of
renewable energy and energy conservation; which was ordered to lie on
the table; as follows:

At the appropriate place, insert the following new section:

SEC. __. NATIONAL CONSUMER CREDIT USURY RATE.

Section 107 of the Truth in Lending Act (15 U.S.C. 1606) is
amended by adding at the end the following:
``(f) National Consumer Credit Usury Rate.--The annual
percentage rate applicable to any extension of credit may not
exceed by more than 8 percentage points the rate established
under section 6621(a)(2) of the Internal Revenue Code of
1986, as determined by the Board.''.
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