H.R. 7531 · 118th Congress
Secure Payments Act of 2024
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
LuetkemeyerSponsor14 cosponsors · 14 R
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Donalds
SF
R
Fitzgerald
MF
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Flood
DM
R
Meuser
ZZ
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(Zach) Nunn
BP
R
Posey
PS
R
Sessions
RW
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Williams
AB
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Barr
BF
R
Fitzpatrick
EH
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Houchin
WT
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Timmons
RN
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Norman
TM
R
Mann8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill prohibits the Board of Governors of the Federal Reserve System from implementing the proposed rule published on November 14, 2023, titled Debit Card Interchange Fees and Routing until the consideration of a report on the rule’s effects.
What it does: CRS summary · Introduced in House · Mar 5, 2024
Secure Payments Act of 2024
This bill prohibits the Board of Governors of the Federal Reserve System from implementing the proposed rule published on November 14, 2023, titled Debit Card Interchange Fees and Routing until the consideration of a report on the rule’s effects. The proposed rule establishes standards for reasonable debit card interchange fees and prohibits debit card network exclusivity. The report must analyze the impact of the rule on consumers, merchants, and financial institutions.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Secure Payments Act of 2024
Latest action (Mar 5, 2024): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 5, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.