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Hensarling to Drop Debit Swipe Fee Reform Repeal Proposal

May 26, 2017

Late Wednesday, May 24th, Representative Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee and author of the Financial CHOICE Act (H.R. 10) agreed to drop the provision in the bill that would have repealed debit swipe fee reform. Chairman Hensarling acknowledged that the provision was controversial within his party and agreed to remove it before floor consideration after a whip count indicated its inclusion threatened to jeopardize passage of the overall bill.... 

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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.