Please contact your Representative in anticipation of a House Judiciary Committee markup of H.R. 5546, the Credit Card Fair Fee Act. Chairman Conyers will wait until after the July 4th recess to markup the bill, the crucial next step in the legislative process and necessary before a House floor vote.
Crucial Points:
- H.R. 5546, Visa and MasterCard's anticompetitive practices have forced a take-it-or-leave-it situation.
- Out of control interchange fee increases are one of the biggest concerns for business.
- The Credit Card Fair Fee Act is a market-based solution. It would allow merchants of all sizes to negotiate with the credit card companies. Open negotiation is the first step in providing relief to merchants of all sizes.
