S. 1212 · 111th Congress
Credit Card Fair Fee Act of 2009
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DurbinSponsorNo cosponsors.
Credit Card Fair Fee Act of 2009 - 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.
What it does: CRS summary · Introduced in Senate · Jun 9, 2009
Credit Card Fair Fee Act of 2009 - 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 10% 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 Attorney General 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Credit Card Fair Fee Act of 2009
Latest action (Jun 9, 2009): Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S6366-6371)
Policy area: Commerce · Origin: Senate · Introduced: Jun 9, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.