Bill Text: NH HB1319 | 2012 | Regular Session | Introduced

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Bill Title: Limiting credit card interchange fees charged to merchants.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2012-02-15 - House Inexpedient to Legislate: Motion Adopted Voice Vote; House Journal 16, PG.909-910 [HB1319 Detail]

Download: New_Hampshire-2012-HB1319-Introduced.html

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HB 1319 – AS INTRODUCED

2012 SESSION

12-2695

05/03

HOUSE BILL 1319

AN ACT limiting credit card interchange fees charged to merchants.

SPONSORS: Rep. Hikel, Hills 7

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill limits the credit card interchange fees charged to merchants.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

12-2695

05/03

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twelve

AN ACT limiting credit card interchange fees charged to merchants.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Section; Revolving Credit Plans; Credit Interchange Fees Limited. Amend RSA 384-G by inserting after section 10 the following new section:

384-G:10-a Credit Interchange Fees. No bank shall charge a person doing business in this state who accepts a credit card or debit card issued by the bank as payment for goods or services an interchange fee, or “swipe fee,” that exceeds one percent of the payment.

2 Effective Date. This act shall take effect January 1, 2013.