H.R. 1081 (112th): Consumers Payment System Protection Act

Mar 15, 2011 (112th Congress, 2011–2013)
Died (Referred to Committee)
Shelley Capito
Representative for West Virginia's 2nd congressional district
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Last Updated
Mar 15, 2011
8 pages

This bill was introduced on March 15, 2011, in a previous session of Congress, but was not enacted.

Introduced Mar 15, 2011
Referred to Committee Mar 15, 2011
Full Title

To delay the implementation of proposed or final rules issued under the authority of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the reasonable and proportional fees and rules for electronic debit transactions, and for other purposes.


No summaries available.

98 cosponsors (55R, 43D) (show)

House Financial Services

Financial Institutions and Consumer Credit

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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The bill’s title was written by its sponsor.

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.

Consumers Payment System Protection Act - Delays until one year after enactment of this Act any proposed or final rule issued under the authority of specified requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act governing interchange transaction (swipe) fees for electronic debit transactions (EDTs).
Requires the Board of Governors of the Federal Reserve System and specified federal banking agencies jointly to study and report to Congress on the effect of such requirements upon consumers, card issuers, merchants, and financial institutions.
Sets a deadline for the Board to make revisions to any proposed or final rule regarding such EDTs if at least two of the agencies contributing to such report determine that any one of the following is true:
(1) either such requirements or the Board's proposed rule entitled "Debit Card Interchange Fees and Routing" does not encompass all costs and investments associated with debit card transactions;
(2) consumers will be adversely affected by either the requirements or the proposed rule; or
(3) the current exemption of small financial institutions (with less than $10 billion in assets) from such requirements, or as carried out by the proposed rule, is not effective in practice.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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