HR 7531 · 118th Congress · Finance and Financial Sector

Secure Payments Act of 2024

Introduced 2024-03-05· Sponsored by Rep. Luetkemeyer, Blaine [R-MO-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2024-03-05)

Plain Language Summary

[AI summary unavailable — showing source text] Secure Payments Act of 2024 This bill prohibits the Board of Governors of the Federal Reserve System from implementing the proposed rule published on November 14, 2023, titled Debit Card Interchange Fees and Routing until the consideration of a report on the rule’s effects. The proposed rule establishes standards for reasonable debit card interchange fees and prohibits debit card network exclusivity. The report must analyze the impact of the rule on consumers, merchants, and financial institutions.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (14)

14 Republicans
Rep. Donalds, Byron [R-FL-19]FL
Rep. Williams, Roger [R-TX-25]TX
Rep. Fitzgerald, Scott [R-WI-5]WI
Rep. Sessions, Pete [R-TX-17]TX
Rep. Flood, Mike [R-NE-1]NE
Rep. Nunn, Zachary [R-IA-3]IA
Rep. Meuser, Daniel [R-PA-9]PA
Rep. Posey, Bill [R-FL-8]FL
Rep. Houchin, Erin [R-IN-9]IN
Rep. Timmons, William R. [R-SC-4]SC
Rep. Barr, Andy [R-KY-6]KY
Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Rep. Norman, Ralph [R-SC-5]SC
Rep. Mann, Tracey [R-KS-1]KS