A bill to amend Chapter 33 of Title 28 of the District of Columbia Code, relating to usury, and for other purposes.
Public Law 93-229 · H.R. 6758 · 93rd Congress · began in the House
Signed by Richard Nixon (R) on Dec 29, 1973 · Finance and Financial Sector
Sponsor: Rep. Gilbert Gude (R-MD-8)
Cosponsors: None
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Authorizes the District of Columbia Council to exempt any loan or financial transaction from the usury laws of the District of Columbia.
Allows the Capital Yacht Club to borrow money without regard to the restrictions of any usury law.
Committees
The committees the bill was sent to, and what each did with it.
District of Columbia Committee · House · referred to, reported by
District of Columbia Committee · Senate · referred to, reported by
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 10 actions.
- Dec 29, 1973Became lawBecame law · Signed by President.
- PresidentPresident · Public law 93-229.
- Dec 22, 1973PresidentPresident · Measure presented to President.
- Dec 20, 1973FloorFloor · Measure passed Senate.
- Dec 19, 1973CommitteeCommittee · Reported by Senate District of Columbia Committee
- Nov 27, 1973CommitteeCommittee · Referred to Senate District of Columbia Committee
- Nov 26, 1973FloorFloor · Measure passed House, amended.
- Nov 20, 1973CommitteeCommittee · Reported by House District of Columbia Committee
- Apr 9, 1973CommitteeCommittee · Referred to House District of Columbia Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.