Key Votes
S Amdt 3989 - Debit Card Fee Regulations - Key Vote
National Key Votes
Jon Tester voted Nay (Amendment Vote) on this legislation.
Read recent statements Jon Tester made in this general time period.
Stages
Family
- S Amdt 3826 - Consumer Financial Protection Division Within The FDIC
- S Amdt 3839 - Termination of Fannie Mae and Freddie Mac Conservatorships
- S Amdt 3938 - Study on Ending the Conservatorships of Fannie Mae and Freddie Mac
- S Amdt 3760 - Federal Reserve Audit
- S Amdt 3816 - Derivatives Regulation Modifications
- S Amdt 3962 - Home Loan Regulation Modifications
- S Amdt 3955 - Establishing New Mortgage Underwriting Requirements and Eliminating a Risk Retention Requirement
- S Amdt 3991 - Credit Rating Agency Board
- S Amdt 3832 - Establishing Bankruptcy Process for Non-bank Financial Institutions
- S Amdt 3989 - Debit Card Fee Regulations
- S Amdt 3987 - Bureau of Consumer Financial Protection Termination
- S Amdt 4051 - Prohibiting Funding of State and Local Governments to Prevent Defaulting on Debt
- S Amdt 4034 - Federal Preemption Over State Consumer Financial Laws
- S Amdt 4071 - Amending State Authority to Enforce Consumer Financial Regulations
- S Amdt 4114 - Credit Default Swap Regulations
- S Amdt 4072 - Inspector General Appointment Modification
- S Amdt 3746 - Allowing States to Limit Credit Card Interest Rates
Issues
Stage Details
Amendment - Amendment Adopted (Senate) (64-33) - May 13, 2010 (Key vote)
Title: Debit Card Fee Regulations
Vote to adopt an amendment to S 3217 that requires the Board of Governors of the Federal Reserve System, no later than 9 months after the date of enactment, to establish rules regulating transaction fees that an issuer or payment card network may charge with regards to electronic debit transactions.
- Requires the amount of any electronic debit transaction fee that an issuer may charge to be "reasonable and proportional" to the actual cost incurred by the issuer or payment card network with respect to the transaction (Sec. 1077).
- Exempts issuers that, together with affiliates, have assets of less than $10 billion (Sec. 1077).
- Prohibits payment card networks from inhibiting the ability of any individual to do the following (Sec. 1077):
- Provide a discount or in-kind incentive for payment through use of a card or device of another payment card network;
- Provide a discount or in-kind incentive for payment by the use of cash, check, debit card, or credit card; or
- Establish a minimum or maximum dollar value for any form of payment.
