EPC Denounces Threats by Senator Roger Marshall to Derail Passage of NDAA 

WASHINGTON, DC—Today, Aaron Stetter, Executive Director of the Electronic Payments Coalition (EPC), released the following statement opposing Senator Roger Marshall’s (R-KS) threats to derail the National Defense Authorization Act (NDAA) unless the Senator receives consideration for his proposed credit card routing legislation (S. 1838) as an amendment:

“Big-box retailers, led by Walmart and Target, along with their allies in Congress, have proven that they will do anything to secure their multibillion-dollar government handout—even if it means derailing funding for America’s military. Proposed credit card routing legislation has nothing to do with our national defense. Our nation’s men and women in uniform should not be held hostage because big-box retailers want to increase their bottom lines at the expense of consumers, small businesses, and small financial institutions. All members of the Senate should reject any efforts that unnecessarily delay funding of our national defense.” 

Additional:

On July 14th, ten trade associations representing virtually all banks and credit unions, including those primarily serving military-affiliated customers and members, sent a joint letter to Congressional leaders expressing strong opposition of the so-called “Credit Card Competition Act of 2023” and an impractical, technically-flawed, and unnecessary study proposal (Amendment 177) as amendments to this year’s National Defense Authorization Act (NDAA). That letter can be found HERE.