Back
Op-Ed: Small Merchants Want Interchange Flexibility and Value, Not Price Caps
| Morning Consult
Over the last few months, merchant lobbying groups have stormed Capitol Hill requesting two things: that lawmakers sink federal tax reform by opposing border adjustability and that they support federal price controls on debit interchange fees.
On the latter, at least, Congress isn’t listening. The House Financial Services Committee has just released the discussion draft text of the Financial CHOICE Act, which would repeal those price controls. Chairman Jeb Hensarling (R-Texas) deserves credit for his leadership on this issue. Repealing the price controls might just be what small retailers really want.
More Updates
EPC Applauds Continued Efforts to Repeal Durbin Amendment Price Controls
Electronic Payments Coalition
Read
Press Releases / Statements
Heartland Institute: Dodd-Frank regulatory overreaction
Heartland Institute
Read
What Others Are Saying
ATR: New Study Shows Durbin Amendment is a Failure
Americans for Tax Reform
Read
What Others Are Saying