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Key Votes

S Amdt 392 - Debit Card Transactions - Key Vote

National Key Votes

Richard Blumenthal voted Nay (Amendment Vote) on this Amendment.

Read statements Richard Blumenthal made in this general time period.

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Note

NOTE: THIS VOTE IS SUBJECT TO A SPECIAL ORDER REQUIRING A 3/5 MAJORITY FOR PASSAGE.

Stage Details

Amendment - Amendment Rejected (Senate) (54-45) - (Key vote)

Title: Debit Card Transactions

Vote Smart's Synopsis:

Vote to adopt an amendment to S 782 that repeals certain regulations governing electronic debit card transactions.

Highlights:
  • Repeals all regulations proposed or prescribed by the Board of Governors of the Federal Reserve System after July 1, 2010 regarding electronic debit card transactions (Sec. 5).
  • Requires a study to be conducted within 6 months of the effective date of this bill evaluating certain aspects of the Electronic Fund Transfer Act including, but not limited to, the following (Sec. 4):
    • All fixed and incremental costs associated with debit card transactions on card issuers and payment card networks; and
    • The overall impact of regulating interchange fees on consumers including, but not limited to, the following:
      • The impact on consumer protection; and
      • The impact on retail prices from changed interchange rates.
  • Requires the Board of Governors of the Federal Reserve System to issue new rules based upon the study's findings no later than 6 months after the date of submission of the study's report to Congress (Sec. 5).
Amendment - Introduced (Senate) -

Title: Debit Card Transactions

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