Sen. Reid Will Bring Swipe Fee Delay Amendment to Senate

The senator majority leader said he personally opposes Tester's amendment to delay the regulations for two years.

May 13, 2011

WASHINGTON - On Wednesday, Senate Majority Leader Harry Reid (D-NV) said he would bring the amendment from Sen. Jon Tester (D-MT) on delaying the swipe fee regulations to the Senate floor, Reuters reports. Tester??s amendment would push back regulation of debit card fees for two years.

Reid does not support the amendment but said he would get it to proceed to the Senate floor anyway. "I??m trying to find a way to do that now," said Reid.

Tester still hasn??t the 60 votes necessary to get the proposal passed, said his spokeswoman Andrea Helling.

With only one legislative days left in May, make your voice heard now on interchange fees. Our industry paid out $9 billion in swipe fees in 2010, according to the latest data from the NACS State of the Industry. Write your members of Congress at nacsonline.com/swipefeesletter.

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