Congress is scheduled to be back in session starting Monday, and the first task on the agenda for the Senate is voting on the financial reform bill that contains the crucial interchange amendment put forth by Senator Richard Durbin (D-IL).

Last Wednesday, June 30, the House voted on the financial bill package, passing it by a vote of 237-192, with the swipe fee amendment intact

The legislation needs 60 votes in the Senate to pass and head to President Obama’s desk for signature. NACS reported that the most recent information suggests there are still senators who need to a helpful nudge into the “yes” category. NACS is urging retailers to call and email their senators and voice support for the bill.

Retailers can go to  http://www.capitolconnect.com/nacs and tell their senators to pass H.R. 4173, the Wall Street Reform and Consumer Protection Act.

 

For previous articles on this subject:

http://cstoredecisions.com/article/10054/house-passes-swipe-fee-reform-bill.html