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Secure Payments Act of 2024

This bill prohibits the Board of Governors of the Federal Reserve System from implementing the proposed rule published on November 14, 2023, titled Debit Card Interchange Fees and Routing until the consideration of a report on the rule’s effects. The proposed rule establishes standards for reasonable debit card interchange fees and prohibits debit card network exclusivity. The report must analyze the impact of the rule on consumers, merchants, and financial institutions.

House floor actions Actions

IntroReferral
Mar. 05 2024	Referred to the House Committee on Financial Services.

Library of Congress Actions

IntroReferral
Mar. 05 2024	Introduced in House Introduced in House

House bill HR7531-118

Secure Payments Act of 2024

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