It’s been another whirlwind week in the news—no Epstein list, ongoing weapons support for Ukraine, tariff debates, and more. Amid this noise, a bipartisan bill that could transform Americans’ financial lives has quietly lost traction, ignored by legacy media. This bill, which both parties can support, aims to lower credit card interest rates for Americans.

If passed, this legislation would have a greater impact on Americans than many of President Trump’s current initiatives. It proposes capping credit card interest rates at 10%, down from the 24% currently allowed. This change could help people pay off their credit card bills and breathe easier. However, as we know, banks profit heavily from high interest rates, so they’re unlikely to support it. I urge everyone to contact their representatives and amplify this issue on social media, just as we’re demanding the release of the Epstein list.

Here are the specifics:
In March 2025, Representatives Alexandria Ocasio-Cortez (D-NY) and Anna Paulina Luna (R-FL) introduced bipartisan legislation (H.R. 1944) to cap credit card interest rates at 10%. The bill amends the Truth in Lending Act to enforce an immediate 10% ceiling on annual percentage rates (APRs) for credit cards, targeting what sponsors call predatory practices by credit card companies. Consumers could sue companies charging above this cap for a full refund of excess interest within a two-year statute of limitations. The legislation also prevents fees from being used to bypass the interest rate cap, ensuring fees don’t exceed finance charges. The bill addresses skyrocketing credit card interest rates, which averaged 21.47% in 2024, per WalletHub—nearly double the 12.9% rate in 2013. With Americans holding $1.2 trillion in credit card debt by late 2024, supporters, including Senators Bernie Sanders (I-VT) and Josh Hawley (R-MO) with companion Senate bill S. 381, argue it will ease the burden on working-class families trapped in debt cycles. Critics, including banking associations, warn it could limit credit access for high-risk borrowers, potentially driving them to unregulated lenders like loan sharks or pawn shops. The bill was referred to the House Committee on Financial Services on March 6, 2025, and its fate awaits further deliberation.