Southwest Public Policy Institutestate of the United States of America
Last week, I had the opportunity to testify before the Alaska Senate Finance Committee on the dangers of Senate Bill 39, a proposal to impose a 36% APR cap on consumer credit. Additional testimony was submitted to the Senate Labor and Commerce Committee before the bill was advanced to the Senate Finance Committee. This legislation […]
Alaska’s Senate Bill 39 (SB 39) proposes a 36% APR cap on consumer loans up to $25,000. The bill aims to regulate financial services, prevent “predatory” lending, and bring state laws in line with federal consumer protection measures. However, while the bill’s intentions may seem noble, its real-world consequences will devastate Alaskan consumers—especially those with […]
And benefit the nation, too.
New Mexico’s HB 476 stealthily caps interchange fees by targeting sales tax, bypassing federal oversight while shifting costs to consumers and small businesses.
A state-run public bank is a dangerous experiment in government overreach that will burden taxpayers, distort credit markets, and fail where private financial institutions succeed.
A national credit card rate cap may seem consumer-friendly, but history and state-level experiments shows it shrinks credit access and pushes borrowers toward costlier alternatives.
“The road to hell is paved with good intentions.”
SPPI kicks off the 2025 New Mexico legislative session, partnering with key lawmakers to advance a bold agenda for freedom, opportunity, and prosperity.
New Mexico must embrace comprehensive school choice reform, exemplified in Senator Craig Brandt’s Education Freedom Bill, to empower parents, improve educational outcomes, and make our state competitive.
How can we ensure these revenues benefit all New Mexicans while fostering economic sustainability?