Ban payment processors stopping services based on objections to legal content

Summary

Government should legislate that payment processing companies may not place stipulations on use of their services regarding sales of otherwise legal content and, if they do so, must face legal penalties and must remunerate platforms and individuals for lost income until service is restored. There are reports that payment processing companies have recently placed pressure on companies that rely on their services, pressuring them to remove legitimate content. Because there are a small number of major payment processing companies, we believe this poses an unacceptable threat to small businesses and private individuals, and undermines democratic free speech through censorship from unaccountable companies.

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