This bill proposes to amend the Truth in Lending Act by establishing a 10 percent cap on credit card interest rates . This cap would be inclusive of all finance charges, and the bill explicitly states that other fees not considered finance charges cannot be used to circumvent this limitation, with their total sum not exceeding the total finance charges assessed. Creditors found knowingly violating this cap would face penalties, including the forfeiture of all interest and finance charges, and consumers would have the right to recover overpaid amounts within two years. The legislation also clarifies that it does not preempt state laws offering greater consumer protection and includes a sunset provision , repealing these amendments on January 1, 2031.