S.Amdt. 1093

SA 1093. Mr. LEVIN (for himself and Mrs. McCaskill) submitted an
amendment intended to be proposed to amendment SA 1058 proposed by Mr.
Dodd (for himself and Mr. Shelby) to the bill H.R. 627, to amend the
Truth in Lending Act to establish fair and transparent practices
relating to the extension of credit under an open end consumer credit
plan, and for other purposes; which was ordered to lie on the table; as
follows:

On page 14, lines 20 and 21, after ``creditor.'' insert the
following:
``(m) No Interest Charges on Fees.--With respect to a
credit card account under an open end consumer credit plan,
if the creditor imposes a transaction fee on the obligor,
including a cash advance fee, late fee, over-the-limit fee,
or balance transfer fee, the creditor may not impose or
collect interest with respect to such fee amount.''.
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