HR 1081 · 112th Congress 2011–2013, ended

Consumers Payment System Protection Act

Introduced Mar 15, 2011 Originated House Sponsor Shelley Moore Capito R-WV

Latest action · Apr 4, 2011 Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedMar 15, 2011
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

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.

Cosponsors 98

Members who signed on, in the order they did. Signatures ran from Mar 15, 2011 to Nov 16, 2011; 27 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-MO	Blaine Luetkemeyer	Original	Mar 15, 2011
R-OH	Bob Gibbs	Original	Mar 15, 2011
D-NY	Carolyn McCarthy	Original	Mar 15, 2011
D-MI	Dale E. Kildee	Original	Mar 15, 2011
D-FL	Debbie Wasserman Schultz	Original	Mar 15, 2011
D-CO	Ed Perlmutter	Original	Mar 15, 2011
R-CA	Edward R. Royce	Original	Mar 15, 2011
R-TX	Francisco "Quico" Canseco	Original	Mar 15, 2011
D-MI	Gary C. Peters	Original	Mar 15, 2011
R-CA	Gary G. Miller	Original	Mar 15, 2011
D-VA	Gerald E. Connolly	Original	Mar 15, 2011
D-NY	Gregory W. Meeks	Original	Mar 15, 2011
R-OH	James B. Renacci	Original	Mar 15, 2011
D-CO	Jared Polis	Original	Mar 15, 2011
R-UT	Jason Chaffetz	Original	Mar 15, 2011
R-TX	Jeb Hensarling	Original	Mar 15, 2011
D-DE	John C. Carney, Jr.	Original	Mar 15, 2011
R-TX	Kenny Marchant	Original	Mar 15, 2011
D-NC	Larry Kissell	Original	Mar 15, 2011
D-CA	Lynn C. Woolsey	Original	Mar 15, 2011
R-MN	Michele Bachmann	Original	Mar 15, 2011
R-PA	Mike Kelly	Original	Mar 15, 2011
R-TX	Randy Neugebauer	Original	Mar 15, 2011
R-MD	Roscoe G. Bartlett	Original	Mar 15, 2011
R-CA	Tom McClintock	Original	Mar 15, 2011
R-CA	Wally Herger	Original	Mar 15, 2011
D-NY	William L. Owens	Original	Mar 15, 2011
D-NJ	Albio Sires		Mar 16, 2011
R-IN	Dan Burton		Mar 16, 2011
R-TX	Pete Sessions		Mar 16, 2011
R-CO	Scott R. Tipton		Mar 16, 2011
D-NM	Ben Ray Luján		Mar 17, 2011
R-CO	Doug Lamborn		Mar 17, 2011
D-CA	Grace F. Napolitano		Mar 17, 2011
D-GA	Henry C. "Hank" Johnson, Jr.		Mar 17, 2011
D-TX	Henry Cuellar		Mar 17, 2011
R-LA	Jeffrey M. Landry		Mar 17, 2011
R-AL	Jo Bonner		Mar 17, 2011
D-NY	Joseph Crowley		Mar 17, 2011
D-NM	Martin Heinrich		Mar 17, 2011
D-WV	Nick J. Rahall II		Mar 17, 2011
R-NC	Virginia Foxx		Mar 17, 2011
D-FL	Alcee L. Hastings		Mar 29, 2011
R-TX	Bill Flores		Mar 29, 2011
D-CA	Bob Filner		Mar 29, 2011
D-MD	C. A. Dutch Ruppersberger		Mar 29, 2011
D-GA	David Scott		Mar 29, 2011
D-NC	G. K. Butterfield		Mar 29, 2011
R-CO	Mike Coffman		Mar 29, 2011
D-NC	Mike McIntyre		Mar 29, 2011
R-TX	Ron Paul		Mar 29, 2011
D-PA	Tim Holden		Mar 29, 2011
R-FL	David Rivera		Mar 30, 2011
R-VA	Frank R. Wolf		Mar 30, 2011
R-IN	Larry Bucshon		Mar 30, 2011
R-NE	Lee Terry		Mar 30, 2011
D-PA	Mark S. Critz		Mar 30, 2011
R-SC	Trey Gowdy		Mar 30, 2011
D-TX	Al Green		Mar 31, 2011
R-WI	F. James Sensenbrenner, Jr.		Mar 31, 2011
D-CT	Joe Courtney		Mar 31, 2011
R-TX	Mac Thornberry		Mar 31, 2011
D-WA	Rick Larsen		Mar 31, 2011
D-CA	Susan A. Davis		Mar 31, 2011
R-CA	Brian P. Bilbray		Apr 1, 2011
R-FL	Jeff Miller		Apr 1, 2011
R-FL	Allen B. West		Apr 4, 2011
D-MI	Hansen Clarke		Apr 4, 2011
D-MD	John P. Sarbanes		Apr 4, 2011
R-KS	Tim Huelskamp		Apr 4, 2011
R-NE	Adrian Smith		Apr 8, 2011
D-CA	Brad Sherman		Apr 8, 2011
R-CA	Duncan Hunter		Apr 8, 2011
D-WI	Gwen Moore		Apr 8, 2011
R-IN	Marlin A. Stutzman		Apr 8, 2011
D-OR	Peter A. DeFazio		Apr 8, 2011
R-AK	Don Young		Apr 12, 2011
D-NC	Melvin L. Watt		Apr 12, 2011
R-PA	Charles W. Dent		Apr 14, 2011
R-AZ	Jeff Flake		Apr 14, 2011
R-OH	Jim Jordan		Apr 14, 2011
D-ME	Michael H. Michaud		Apr 14, 2011
D-NY	Paul Tonko		Apr 14, 2011
R-PA	Glenn Thompson		May 2, 2011
R-TX	John R. Carter		May 2, 2011
I-MI	Justin Amash		May 2, 2011
R-SC	Mick Mulvaney		May 2, 2011
R-LA	Rodney Alexander		May 2, 2011
R-MI	Candice S. Miller		May 4, 2011
D-CO	Diana DeGette		May 4, 2011
R-TX	Pete Olson		May 4, 2011
R-MI	Dan Benishek		May 13, 2011
D-HI	Mazie K. Hirono		May 13, 2011
R-GA	Rob Woodall		May 13, 2011
R-OH	Robert E. Latta		Jun 3, 2011
R-AZ	Trent Franks		Jun 3, 2011
D-CA	Adam B. Schiff		Nov 16, 2011
R-NJ	Leonard Lance		Nov 16, 2011

Withdrew 4 Renee L. Ellmers R-NC Mar 31, 2011·Jeff Duncan R-SC Apr 15, 2011·Joe Wilson R-SC May 3, 2011·Cliff Stearns R-FL May 5, 2011

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Financial Services Committee	Referred Mar 15, 2011
	Consumer Protection and Financial Institutions Subcommittee	Referred Apr 4, 2011

Actions 3

Everything that happened, newest first.

Apr 4, 2011Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Mar 15, 2011Introduced in House
Mar 15, 2011Referred to the House Committee on Financial Services.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: The Commerce Clause, Article I, Section 8, Clause 3 of the Constitution states that Congress shall have power to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.

The sponsor’s statement, as printed in the page H1842.

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To delay the implementation of proposed or final rules issued under the authority of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the reasonable and proportional fees and rules for electronic debit transactions, and for other purposes.
Short Titles as Introduced: Consumers Payment System Protection Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

Mar 15, 2011Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.