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Key Votes

National Key Votes

S Amdt 392 - Debit Card Transactions - Key Vote

John Boozman voted Yea (Amendment Vote) on this legislation.

Read recent statements John Boozman made in this general time period.

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

Stage Details

Amendment - Amendment Rejected (Senate) - June 8, 2011 (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, and requires a study regarding the impact of regulations on consumers.

Highlight: -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 act 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).

See The Voting Record
Full Bill Text
Amendment - Introduced (Senate) - June 7, 2011

Title: Debit Card Transactions


Full Bill Text

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