WASHINGTON, D.C. – Electronic Payments Coalition Executive Chairman Richard Hunt issued the following statement after Senators Roger Marshall (R-Kan.) and Dick Durbin (D-Ill.) filed their proposed credit card mandates as an amendment to bipartisan housing legislation before the Senate:
“Groundhog Day might have been last month, but Senators Durbin and Marshall are replaying the same failed script – desperately trying to jam their economy-crushing credit card mandates onto any bill moving through Congress.
“The last time they tried this maneuver, they rewrote major sections of their own proposal at the eleventh hour, creating confusion and chaos in the process. If they can’t even settle on what their bill says, why should anyone trust what it would do?
“Not only does this latest attempt reek of desperation, it proves they know this government takeover of Americans’ wallets cannot stand on its own.”
NOTE: The flawed Durbin-Marshall mandates have never been through a Congressional committee for open debate or amendments. The mandates are being pushed by the largest corporate mega-stores, who Sens. Durbin and Marshall count among their largest campaign contributors, and would allow them to process Americans’ credit cards on alternative networks.
Independent government agencies say these mandates are bad for local communities, small businesses, and American cardholders. Community banks and credit unions in all 50 states have come out against these harmful mandates and Airbus, Boeing, Embraer, RTX Corporation, and General Electric Aerospace joined leading airlines and labor unions and groups in opposition, including the Allied Pilots Association, Association of Flight Attendants-CWA, Association of Professional Flight Attendants, Communications Workers of America, International Association of Machinists and Aerospace Workers, Regional Airline Association, Southwest Airlines Pilots Association, and Transportation Workers Union of America.
Additional research on the harm the Durbin-Marshall mandates would cause is available here.
