H.R. 5546 [110th]: Credit Card Fair Fee Act of 2008 (GovTrack.us)

The Senate meets today; the House next meets Dec 1, 2009.

H.R. 5546:

Credit Card Fair Fee Act of 2008

110^th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 110^th Congress, in 2007-2008.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2007-2008

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Primary Source

See H.R. 5546 [110th] on THOMAS for the official source of information on this bill or resolution.

To amend the antitrust laws to ensure competitive market-based rates and terms for merchants' access to electronic payment systems.

Overview

Sponsor:

Rep. John Conyers [D-MI14]show cosponsors (45)

Text:

Summary | Full Text

Cost:

less than $1 per American in 2009.

This is computed from a Congressional Budget Office report, merely by dividing the estimated cost of $6,000,000 by the U.S. population. The figure is extracted from the report automatically and may be incorrect. See the report for details.

Status:

	Introduced	Mar 6, 2008
	Referred to Committee	View Committee Assignments
	Reported by Committee	Jul 16, 2008
	House Vote	(did not occur)
	Senate Vote	(did not occur)
	Signed by President	(did not occur)

This bill never became law. This bill was proposed in a previous session of Congress. Sessions of Congress last two years, and at the end of each session all proposed bills and resolutions that haven't passed are cleared from the books. Members often reintroduce bills that did not come up for debate under a new number in the next session.

Last Action:

Oct 3, 2008: Placed on the Union Calendar, Calendar No. 588.

See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.

Question & Answer

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Dec 15, 2008 4:16 PM - Where do the ISO's (Independent Sales Organizations) figure in here? - Answer it!

Sources of Influence

MAPLight.org reports that the following organizations have taken a stance on this bill:

Support	Oppose
National Restaurant Association U.S. Public Interest Research Groups Merchants Payments Coalition Society of Independent Gasoline Marketers of America The Association for Convenience and Petroleum Retailing National Grocers Association National Retail Federation National Association of Chain Drug Stores Petroleum Marketers Association of America Food Marketing Institute	American Bankers Association National Association of Federal Credit Unions Electronics Payments Coalition Visa Inc. Credit Union National Association Mastercard National Taxpayers Union Competitive Enterprise Institute Pentagon Federal Credit Union Southern Christian Leadership Conference Consumers Rights League

Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill.

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{{cite web
|url=http://www.govtrack.us/congress/bill.xpd?bill=h110-5546
|title=H.R. 5546
|accessdate=Nov 21, 2009
|author=110th Congress (2008)
|date=Mar 6, 2008
|work=Legislation
|publisher=GovTrack.us
|quote=Credit Card Fair Fee Act of 2008
}}

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Overview

Sources of Influence