S. 3086 (110th): Credit Card Fair Fee Act of 2008

Jun 05, 2008 (110th Congress, 2007–2009)
Died (Referred to Committee)
See Instead:

H.R. 5546 (same title)
Reported by Committee — Jul 16, 2008

Richard Durbin
Senator from Illinois
Read Text »
Last Updated
Jun 05, 2008
55 pages
Related Bills
S. 1212 (111th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jun 09, 2009

H.R. 5546 (Related)
Credit Card Fair Fee Act of 2008

Reported by Committee
Last Action: Jul 16, 2008


This bill was introduced on June 5, 2008, in a previous session of Congress, but was not enacted.

Introduced Jun 05, 2008
Referred to Committee Jun 05, 2008
Full Title

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


No summaries available.

1 cosponsors (1R) (show)

Senate Judiciary

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Primary Source

THOMAS.gov (The Library of Congress)

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S. stands for Senate bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Credit Card Fair Fee Act of 2008 - Authorizes providers of a single covered electronic payment system (e.g., Visa or Mastercharge credit cards) and any merchants to jointly negotiate and agree upon the fees and terms for access to such a system.
Defines covered electronic payment system as any system that has been used for at least 20% of the combined dollar value of credit and debit card payments processed in the most recent year.
Grants limited antitrust immunity to such providers and merchants, as well as to those providers who jointly determine among themselves the proportionate division of paid access fees.
Sets forth procedures to determine fees and terms for access to a covered electronic payment system.
Creates a panel of three full-time Electronic Payment System Judges, appointed by the Assistant Attorney General in charge of the Antitrust Division of the Department of Justice and the Chairman of the Federal Trade Commission, to determine the schedule of fees and terms for two-year periods. Outlines procedures for correcting overpayments, underpayments, and late payments as determined by the Judges. Subjects any determination of such Judges to judicial review.
Authorizes providers and merchants to engage in voluntarily negotiated access agreements. Declares that such an executed agreement shall supersede any fees or terms established by the Judges.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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