Alexander Votes Against Guns In Parks AND Increased Regs On Credit Card Companies

By Kleinheider Posted on May 19, 2009 at 2:51 pm

Sen. Lamar Alexander, after voting against an amendment that would allow carry permit holders to bring loaded guns into national parks last week, votes against the entire Credit Cardholders’ Bill of Rights Act of 2009 in which the amendment is contained.

About his failure to vote for the amendment, Alexander said the following last week:

“I have consistently been a strong supporter of Second Amendment rights, but this legislation goes too far - further than President Reagan, further than President Bush, and further than Tennessee law.”

The full bill prevents credit card companies from raising rates until holder is 60 days late in payment, bans “double-cycle billing” and beefs up customer notification regulations.

UPDATE 4:29PM: Sen. Alexander explains his vote:

“This legislation is over-regulation that will lead to higher interest rates and less available credit. Also, it is unnecessary, because the Federal Reserve Board will implement many of the regulations in this bill next July.”

SEE ALSO: Braisted

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Tags: credit card regulation, guns in parks, Lamar Alexander