Rep. Carolyn Maloney's (D-N.Y.) pet project may finally see the president's desk this year. The Credit Card Holder's Bill of Rights is expected to pass the House today, while the Senate will begin considering a companion version of the bill next week.

The legislation would prohibit credit card companies from retroactively increasing interest rates on existing balances, as well as end so-called "double-cycle" billing, in which interest is charged on debt already paid.

At Speaker Pelosi's weekly press briefing this morning, she and Maloney expressed confidence the bill would pass, as it did last September on a 312-112 roll call vote -- with 84 Republicans supporting it.

"We will increase this margin," Maloney said, adding that President Obama's support for the bill will lead more Members to support it.

"Ninety percent of the American people support this. I don't know about the other 10 percent. I don't know what they're thinking," said Pelosi. "We expect it to get the sufficient number of votes in the Senate and go to the president's desk."

Senate Majority Leader Harry Reid said he did not yet know whether there were 60 votes in support of the measure in the Senate, but said there could be backlash from the American people against those who did not.

"Democrats, independents and Republicans in the country want something done," he said.

The House bill is currently being debated on the floor, with a vote expected this afternoon.