H.R. 1610 · 111th Congress

Interest Rate Equity Act

Stage
In committee
Introduced
2009-03-19
Latest action
2009-03-19 · Introduced in House

Summary

Interest Rate Equity Act or the IRE Act - Amends the Emergency Economic Stabilization Act of 2008 to prohibit any financial institution that receives assistance under the Troubled Asset Relief Program (TARP) from charging its customers more than 18% interest on credit card accounts.