Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee pauses S.135 over court suit, asks attorney general to brief on interchange-fee jurisdiction
Summary
Lawmakers in the Senate finance committee debated S.135, a bill addressing interchange/merchant fees and a cash acceptance provision, and decided to pause consideration pending guidance from the attorney general because of ongoing litigation over state jurisdiction.
The Senate Committee on Finance paused consideration of S.135 on jurisdictional and litigation grounds and asked the attorney general to brief the panel before the bill proceeds.
Committee members said they had received testimony offers from bankers and merchant groups about a provision that would allow merchants to charge or handle up to $500 in cash and discussed a provision tied to a $1.35 item in the draft text. "If we want to go forward both I would not want to go forward until the courts decide that we do have jurisdiction in this…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
