A bill to amend title 28 of the District of Columbia Code relating to usury in the District of Columbia.

Provides that it shall be lawful for any person to charge, contract for, or receive any rate or amount of interest on any loan, the principal of which is in excess of $1,000,000, to any business or commercial organization or to a person owning or desiring to acquire a business or commercial organization as a sole proprietor or joint venture if such loan is transacted for the purpose of conducting or acquiring a business or commercial organization.