S.Amdt. 2097

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.''.
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