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New York · 2025 Regular Session · Bill

A 7020: Relates to fixing a maximum interest rate for credit cards issued or used in this state

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

A 7020 is a bill introduced in the New York House on March 18, 2025. According to its official title, it concerns: Relates to fixing a maximum interest rate for credit cards issued or used in this state. Primary sponsor: Doug Smith (Republican). It lists 16 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO BANKS.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Fixes the maximum interest rate for credit cards issued or used in this state at 10%.

Sponsors

Sponsors by party (alphabetical): Republican 5 · Republican/Conservative 8 · Republican/Conservative/Independence 3 · Republican/Conservative/Independence/Libertarian 1

NameRolePartyChamberDistrict
Doug SmithPrimary sponsorRepublicanHouse5
Joe AngelinoCo-sponsorRepublican/Conservative/IndependenceHouse121
Andrea BaileyCo-sponsorRepublican/ConservativeHouse133
Scott BendettCo-sponsorRepublican/ConservativeHouse107
Alec Brook-KrasnyCo-sponsorRepublican/ConservativeHouse46
Joe DeStefanoCo-sponsorRepublican/ConservativeHouse3
Michael DursoCo-sponsorRepublican/Conservative/Independence/LibertarianHouse9
Jeff GallahanCo-sponsorRepublican/ConservativeHouse131
John LemondesCo-sponsorRepublican/Conservative/IndependenceHouse126
Brian ManktelowCo-sponsorRepublicanHouse130
John MikulinCo-sponsorRepublicanHouse17
Sam PirozzoloCo-sponsorRepublican/ConservativeHouse63
Mike ReillyCo-sponsorRepublicanHouse62
Matt SimpsonCo-sponsorRepublican/Conservative/IndependenceHouse114
Matt SlaterCo-sponsorRepublican/ConservativeHouse94
Chris TagueCo-sponsorRepublicanHouse102
Mike TannousisCo-sponsorRepublican/ConservativeHouse64

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REFERRED TO BANKS
  2. HELD FOR CONSIDERATION IN BANKS
  3. REFERRED TO BANKS

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source