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Debate Over Debit Swipe Fee Reform Repeal Intensifies, Floor Vote Delayed

May 19, 2017

The debate over debit swipe fee reform repeal, which is included in House Financial Services Committee Chairman Jeb Hensarling’s (R-TX) Financial CHOICE Act, is intensifying with retailers and banking groups on opposing sides.  Although the bill had been slated for a floor vote the week of May 22nd, indecision over the provision among House Republicans – prompted by the significant grassroots efforts of SIGMA members and other retailing groups – has resulted in leadership pushing off  consideration of the bill by the full House— perhaps until after the Memorial Day recess...

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Member Highlights

SIGMA: America's Leading Fuel Marketers is the national trade association representing fuel marketers and convenience store chain retailers in the United States and Canada. Our approximately 260 corporate members command nearly 50 percent of the petroleum retail market, selling approximately 80 billion gallons of motor fuel each year.