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Bill to Repeal Cap on Swipe Fees Introduced

| Washington Examiner

Legislation to repeal the federal cap on debit card fees was introduced Tuesday in the House.

Rep. Randy Neugebauer, R-Texas, the author of the legislation, said in introducing his bill that the cap on swipe fees “represents an egregious example of the federal government picking winners and losers. Simply put, it represents crony capitalism at its worst.”

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