I need some help getting started with the following:
Question 1. You are the legislative assistant to either U.S. Senator Bob Corker or a newly re-elected Al Gore, Jr. (your choice). Your boss has recently sent you a memo, asking your opinion on Senate Bill 192, also known as the Anti-Predatory Lending Act of 2011. This bill would prohibit banks from raising the interest rate they originally gave to a customer on any credit card for any reason. After S. 192 becomes law, if a bank no longer desires to offer a customer a credit card at the initially agreed-upon rate, the bank's only recourse would be to close the costumer's account, and then send that customer an offer for a new credit card at a higher interest rate.
Question 2. Write a memo to your boss either in favor of or against S. 192. Make sure your memo includes a discussion of the laws that currently Question protect credit card customers, and whether or not you believe that these existing laws are sufficiently effective.