NACS is encouraging members of the convenience store industry to take action against the recently announced legislation that would repeal debit swipe reforms.
Following the announcement from House Financial Services Committee Chairman Jeb Hensarling (R-TX) that he will soon introduce legislation to repeal the debit swipe reforms in the Durbin Amendment, the National Association of Convenience Stores has encouraged members to take action against the legislation.
NACS has drafted a letter that members can edit and send to their Representatives, asking them to oppose this repeal.
Since its implementation, the Durbin Amendment has provided much needed relief for retailers and has brought competition into a market historically void of it. These reforms have saved consumers nearly $6 billion per year and supported more than 37,000 jobs a year benefitting the economy as a whole.
The Hensarling proposal will allow price-fixing on debit swipe fees, which will return the fees to outrageous heights.
“It’s important that your legislators hear from you – not only a constituent in their district, but an employee of the c-store industry, which would be negatively impacted by the repeal of debit swipe fee reforms,” the announcement from NACS stated. “Our grassroots system will identify your legislators based on your business and home address. Take Action Now!”
The pre-drafted letter from NACS can be accessed at the following link.