UPDATE 2-US House backs speed-up for new credit card rules

* Limits would take effect upon enactment of bill

* Bill must go next to Senate for review and vote

* Partial escape hatch for voluntary rate increase halt

* Small issuers, gift card providers exempted (Adds Lee, Maloney, Hensarling, Frank comments, byline)

By Kevin Drawbaugh

WASHINGTON, Nov 4 (Reuters) - Lashing out at large credit card companies, the U.S. House of Representatives on Wednesday approved a bill to advance the effective date for strict, new limits on card fees and interest rates.

The Democratic bill passed in a 331-92 vote that won substantial Republican support, with lawmakers citing a flood of credit card complaints from constituents.

The bill, still subject to debate and a vote in the Senate, would make the new restrictions on the card industry effective immediately upon its enactment.

It applies to the largest issuers that control over 80 percent of the credit card market.