US Congress Senate Bill 575 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on March 15 2011 - 25% progression, died in committee
Action: 2011-03-15 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Debit Interchange Fee Study Act of 2011 - Amends the Electronic Fund Transfer Act to extend from 9 months after the date of enactment of the Consumer Financial Protection Act of 2010 to 24 months after the date of enactment of this Act the rulemaking timelines and effective dates for the proposed debit interchange (swipe) rule of the Board of Governors of the Federal Reserve System (Board) that is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Declares void and without legal effect any regulation proposed or prescribed by the Board pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act before the date that is 6 months after completion of the study required by this Act. Directs specified banking regulatory agencies (study agencies) to study jointly and report to certain congressional committees regarding the impact of regulating debit interchange transaction (swipe) fees and related issues under the Electronic Fund Transfer Act. Prescribes study contents including the costs and benefits of electronic debit card transactions (EDTs) and alternative forms of payment, including cash, check, and automated clearing house (ACH) for consumers, merchants, issuers, and debit card networks.

Debit Interchange Fee Study Act of 2011

Sen. Jon Tester [D-MT]	Sen. Daniel Akaka [D-HI]	Sen. Max Baucus [D-MT]	Sen. Roy Blunt [R-MO]
Sen. Thomas Carper [D-DE]	Sen. Tom Coburn [R-OK]	Sen. Christopher Coons [D-DE]	Sen. Bob Corker [R-TN]
Sen. Jon Kyl [R-AZ]	Sen. Mike Lee [R-UT]	Sen. Claire McCaskill [D-MO]	Sen. Benjamin Nelson [D-NE]
Sen. Bill Nelson [D-FL]	Sen. Pat Roberts [R-KS]	Sen. Jeff Sessions [R-AL]	Sen. John Thune [R-SD]
Sen. Pat Toomey [R-PA]

Date	Chamber	Action
2011-03-15	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/575/all-info
Text	https://www.congress.gov/112/bills/s575/BILLS-112s575is.pdf