Missouri Republican Senator Josh Hawley and Vermont Independent Senator Bernie Sanders jointly unveiled legislation meant to cap credit card interest rates at 10% for the next five years.

The legislation, which mirrors a proposal from President Donald Trump, comes after both lawmakers have voiced concern about the exploitative rates imposed by credit card companies.

“Working Americans are drowning in record credit card debt while the biggest credit card issuers get richer and richer by hiking their interest rates to the moon,” Hawley commented in a Tuesday statement about the bill. “Capping credit card interest rates at 10%, just like President Trump campaigned on, is a simple way to provide meaningful relief to working people.”

The lawmakers noted that the current average credit card interest rate is 28.6%, an increase from the 22.8% credit card interest rate recorded last November by the Federal Reserve.

“During the campaign, President Trump pledged to cap credit card interest rates at 10%,” Sanders commented in the statement. “When large financial institutions charge over 25% interest on credit cards, they are not engaged in the business of making credit available.”

Trump indeed said on the campaign trail that “while working Americans catch up, we’re going to put a temporary cap on credit card interest rates.” The commander-in-chief added that “we’re going to cap it at around 10%” since the government “can’t let them make 25 and 30%.”