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United States · Bill · HR

H.R. 1081 (112th)

Consumers Payment System Protection Act

referredUnited States· United States Congress· EN

Introduced

15 March 2011

Last action

4 April 2011 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Sen. Capito, Shelley Moore [R-WV], Rep. Wasserman Schultz, Debbie [D-FL-25], Rep. Luetkemeyer, Blaine [R-MO-3], James Renacci, Rep. Perlmutter, Ed [D-CO-7], Rep. Hensarling, Jeb [R-TX-5], Rep. Royce, Edward R. [R-CA-39], Rep. Canseco, Francisco "Quico" [R-TX-23], Rep. Neugebauer, Randy [R-TX-19], Rep. Bachmann, Michele [R-MN-6], Rep. Meeks, Gregory W. [D-NY-5], Rep. McClintock, Tom [R-CA-5], Rep. Carney, John C., Jr. [D-DE-At Large], Rep. Gibbs, Bob [R-OH-7], Sen. Peters, Gary C. [D-MI], Rep. Herger, Wally [R-CA-2], Rep. Marchant, Kenny [R-TX-24], Rep. Kelly, Mike [R-PA-16], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Chaffetz, Jason [R-UT-3], Rep. Kissell, Larry [D-NC-8], Rep. Miller, Gary G. [R-CA-42], Rep. Kildee, Dale E. [D-MI-5], Rep. McCarthy, Carolyn [D-NY-4], Rep. Polis, Jared [D-CO-2], Rep. Connolly, Gerald E. [D-VA-11], Rep. Owens, William L. [D-NY-23], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Sires, Albio [D-NJ-13], Rep. Tipton, Scott R. [R-CO-3], Rep. Sessions, Pete [R-TX-17], Rep. Burton, Dan [R-IN-5], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Bonner, Jo [R-AL-1], Rep. Landry, Jeffrey M. [R-LA-3], Rep. Napolitano, Grace F. [D-CA-32], Rep. Rahall, Nick J., II [D-WV-3], Rep. Lamborn, Doug [R-CO-5], Sen. Heinrich, Martin [D-NM], Rep. Cuellar, Henry [D-TX-28], Rep. Crowley, Joseph [D-NY-14], Rep. Foxx, Virginia [R-NC-5], Sen. Luján, Ben Ray [D-NM], Rep. Butterfield, G. K. [D-NC-1], Rep. Hastings, Alcee L. [D-FL-20], David Scott, Rep. Filner, Bob [D-CA-51], Rep. McIntyre, Mike [D-NC-7]

Subjects

Discovery layer

Source updated

14 August 2025

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Summary

Consumers Payment System Protection Act - Delays until one year after enactment of this Act any proposed or final rule issued under the authority of specified requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act governing interchange transaction (swipe) fees for electronic debit transactions (EDTs). Requires the Board of Governors of the Federal Reserve System and specified federal banking agencies jointly to study and report to Congress on the effect of such requirements upon consumers, card issuers, merchants, and financial institutions. Sets a deadline for the Board to make revisions to any proposed or final rule regarding such EDTs if at least two of the agencies contributing to such report determine that any one of the following is true: (1) either such requirements or the Board's proposed rule entitled "Debit Card Interchange Fees and Routing" does not encompass all costs and investments associated with debit card transactions; (2) consumers will be adversely affected by either the requirements or the proposed rule; or (3) the current exemption of small financial institutions (with less than $10 billion in assets) from such requirements, or as carried out by the proposed rule, is not effective in practice.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 March 2011

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 15 March 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 15 March 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 4 April 2011

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 15 March 2011

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  • Introduced in House (PDF)

    Introduced in House · EN · 15 March 2011

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 15 March 2011

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Sponsors

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Related records

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Sources

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