US Congress House Bill 2382 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 19-4)
Status: Introduced on May 13 2009 - 25% progression, died in chamber
Action: 2009-10-08 - Committee Hearings Held.
Text: Latest bill text (Introduced) [PDF]

Credit Card Interchange Fees Act of 2009 - Amends the Truth in Lending Act to prohibit specified electronic payment system network practices, including the imposition of: (1) additional charges on merchants and consumers for premium payment cards; (2) certain restrictions on merchants, including chargebacks for transactions on point of sale terminals that exceed the allowable amount on such devices; (3) restrictions upon network routing; (4) any requirement to meet a minimum number of transactions in any period; or (5) fees or a related adverse action for failure of the merchant to meet such a minimum transactions requirement. Requires an electronic payment system network to disclose its contract terms to the merchant, including its complete operating rules, without restricting the merchant's use of such information. Directs the Federal Trade Commission (FTC) to prescribe regulations to: (1) ensure that the rules, terms, and conditions to which a merchant or consumer is subject under an agreement with an electronic payment system network are neither unfair nor deceptive to consumers and merchants, nor anticompetitive; (2) prohibit any unfair or deceptive act or practice or anticompetitive act or practice that may result from such rule, term, or condition; and (3) regularly review such rules, terms, and conditions. Directs the Board of Governors of the Federal Reserve System to collect and disseminate to the public: (1) complete information on fees charged by each electronic payment system network in connection with consumer-initiated transactions; and (2) the rules, terms, and conditions to which a merchant or a consumer is subject under an agreement with an electronic payment system network for transactions using payment cards.

Credit Card Interchange Fees Act of 2009

Rep. Neil Abercrombie [D-HI]	Rep. John Adler [D-NJ]	Rep. John Barrow [D-GA]	Rep. Joe Barton [R-TX]
Rep. Robert Brady [D-PA]	Rep. Christopher Carney [D-PA]	Rep. Bill Delahunt [D-MA]	Rep. Keith Ellison [D-MN]
Rep. John Hall [D-NY]	Rep. Phil Hare [D-IL]	Rep. Michael Honda [D-CA]	Rep. Walter Jones [R-NC]
Rep. Steve Kagen [D-WI]	Rep. Zoe Lofgren [D-CA]	Rep. James McGovern [D-MA]	Rep. Todd Platts [R-PA]
Rep. Nick Rahall [D-WV]	Rep. Linda Sanchez [D-CA]	Rep. Bill Shuster [R-PA]	Rep. John Tierney [D-MA]
Rep. Paul Tonko [D-NY]	Rep. Paul Tonko [D-NY]	Sen. Peter Welch [D-VT]

Date	Chamber	Action
2009-10-08		Committee Hearings Held.
2009-05-13		Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/2382/all-info
Text	https://www.congress.gov/111/bills/hr2382/BILLS-111hr2382ih.pdf