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A 6603

New York Assembly bill in Session 2025-2026.

Status: in_committee. Latest action: January 7, 2026.

Enacts the interchange fee prohibition act.

Bill ID NY-2025-2026-A-6603
Session 2025-2026
Status in_committee
Committee Consumer Affairs And Protection
Assembly in_committee 2026-01-07
Tax / Budget / Appropriations
Summary

Enacts the "interchange fee prohibition act"; prohibits the receipt or charge of interchange fees on the tax amount or gratuity of an electronic payment transaction if the merchant informs the acquirer bank or its designee of the tax or gratuity amount as part of the authorization or settlement process for the electronic payment transaction; establishes penalties.

Sponsor
Grace Lee
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-03-06 Introduced Bill introduced
2026-01-07 Status in_committee
2026-01-07 Latest Action In Assembly Committee
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