HR 7531
118th Congress
House
Finance and Financial Sector
Secure Payments Act of 2024
Introduced: March 5, 2024
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 5, 2024
Referred to the House Committee on Financial Services.
Mar 5, 2024
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1