H.R. 1610 · 111th Congress
Interest Rate Equity Act
- Stage
- In committee
- Sponsor
- Jackie Speier
- 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.