More Bills and Their Sponsors
As you may have seen, there are now several similar bills in both the Senate
and the House that threaten to cap the interest rate at 36% or less.
The number of politicians who are out of touch with reality is frightening. The only way they'll
ever understand why pawnshops are important is if you tell them.
So please get in touch with these Congressmen and your local politicians and spread the word!
We've included
links to info about each of the bills below, plus the names of the sponsors/cosponsors
of each bill and their contact information.
If you live in an area represented by any of the sponsors or cosponsors listed below,
please contact them first!
Bill and Sponsor Information
S. 500:
Protecting Consumers from Unreasonable Credit Rates Act of 2009
Proposed annual rate cap, including fees:
36%
| TITLE | NAME | PHONE | |
| Sponsor | Richard Durbin (D-IL) | Click to Email | (888) 780-7335 |
S. 257:
Consumer Credit Fairness Act
Proposed annual rate cap, including fees:
36%
| TITLE | NAME | PHONE | |
| Sponsor | Sheldon Whitehouse (D-RI) | Click to Email | (401) 453-5294 |
| Cosponsor | Richard Durbin (D-IL) | Click to Email | (888) 780-7335 |
S. 582: A
bill to amend the Truth in Lending Act to protect consumers from usury, and for other purposes
Proposed annual rate cap, including fees:
15%
| TITLE | NAME | PHONE | |
| Sponsor | Bernard Sanders (I-VT) | Click to Email | (202) 224-5141 |
| Cosponsor | Richard Durbin (D-IL) | Click to Email | (888) 780-7335 |
H.R. 1640:
Interest Rate Reduction Act
Proposed annual rate cap, including fees:
15%
| TITLE | NAME | PHONE | |
| Sponsor | Maurice Hinchey (D-NY) | Click to Email | (202) 225-6335 |
| Cosponsor | Keith Ellison (D-MN) | Click to Email | (612) 522-1212 |
| Cosponsor | Steve Cohen (D-TN) | Click to Email | (901) 544-4131 |
| Cosponsor | Lynn Woolsey (D-CA) | Click to Email | (202) 225-5161 |
| Cosponsor | Barbara Lee (D-CA) | Click to Email | (510) 763-0370 |
| Cosponsor | James McDermott (D-WA) | Click to Email | (202) 225-3106 |
| Cosponsor | George Miller (D-CA) | Click to Email | (202) 225-2095 |
H.R. 1608:
Protecting Consumers from Unreasonable Credit Rates Act of 2009
Proposed annual rate cap, including fees:
36%
| TITLE | NAME | PHONE | |
| Sponsor | Jackie Speier (D-CA) | Click to Email | (202) 225-3531 |
| Cosponsor | William Delahunt (D-MA) | Click to email | (202) 225-3111 |
