Vote Yes on this bill if you want a nationwide 10% cap on credit card APRs, tighter limits on add-on fees, tough penalties for overcharging, a right for consumers to sue to recover paid interest and fees, and stronger state caps to remain in force until the cap sunsets in 2031.

Organizations that support this bill may include consumer protection groups, anti-poverty and debt relief advocates, labor unions, and state and local officials who want lower credit card interest and fewer abusive fees.

Vote No on this bill if you want to keep risk-based interest rates without a federal cap, avoid possible cuts to credit lines and approvals for higher-risk borrowers, and preserve current rewards and product offerings driven by higher interest revenue.

Organizations that oppose this bill may include banks, credit card issuers, fintech lenders, retail card providers, and business trade associations concerned about tighter credit and reduced revenues.