Key Votes
S Amdt 392 - Debit Card Transactions - Key Vote
National Key Votes
Stages
Family
- S 782 - Economic Development Revitalization Act
- S Amdt 392 - Debit Card Transactions
- S Amdt 390 - Amending Small Business Regulations
- S Amdt 436 - Repeals the Volumetric Ethanol Excise Tax
Issues
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) - 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.
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).
Sponsors
Co-sponsors
- Michael Farrand Bennet (CO - D)
- Roy Blunt (MO - R)
- Thomas Richard 'Tom' Carper (DE - D)
- Christopher A. 'Chris' Coons (DE - D)
- Robert 'Bob' Corker (TN - R)
- Michael D. 'Mike' Crapo (ID - R)
- Kay R. Hagan (NC - D)
- Jon Kyl (AZ - R) (Out Of Office)
- Michael 'Mike' Lee (UT - R)
- E. Benjamin 'Ben' Nelson (NE - D) (Out Of Office)
