Debit Swipe Fees Vote Went Down to the Wire

Some senators were undecided up until last minute and retailer engagement was critical to the victory.

June 10, 2011

WASHINGTON - Given the choice, many senators preferred to see the Tester-Corker amendment to delay debit card swipe fee reforms buried underneath a stack of papers, never to see the light of day. But they did have to cast a vote, putting some in a precarious situation: side with Wall Street, or side with retailers and consumers?

Sen. Jim Webb€™s (D-VA) office fielded a lot of phone calls from constituents on Wednesday, the majority asking him to vote "no" on the Tester-Corker amendment, reports Roll Call. But come vote time, the senator cast a "yea" vote, commenting to the news source that he was convinced by Sen. Bob Corker€™s (R-TN) pitch that the amendment would make swipe fee regulation "more fair" by taking into considering overhead costs.

"I think that they made significant adjustments from where they were a year ago," Webb told the newspaper, adding, "At any rate, it€™s over."

Sen. Mark Begich (D-AK) was also undecided, asking retail and banking/credit card lobbyists to give a final pitch €" the day of the vote.

"This is kind of his style," a Senate aide told Roll Call, but cautioning that it€™s "never just what lobbyists think." Back home in Alaska, Begich heard from constituents on this issue as well as a representative of the Alaskan credit unions.

"The banks won in Begich€™s office, but they lost the day," writes Roll Call, adding, "More than a year of lobbying, ferocious whipping and Democratic infighting all boiled down to a tense vote on the Senate floor Wednesday afternoon that cost banks billions of dollars."

In Arkansas, Walmart was active in communicating to senators that a delay was bad for consumers and retailers,"but I€™ve heard more from folks who own convenience stores," Senator Mark Pryor told the Arkansas Democrat-Gazette. Pryor voted against delaying reform.

Following the vote, Sen. Richard Durbin (D-IL), who has lead the charge to reform debit card swipe fees, beginning with his amendment passed as part of the last year€™s financial service overhaul bill, didn€™t appear surprised by the final vote, notes Roll Call.

"He€™s the only guy in America who€™s beaten the banks twice," a senior Democratic aide commented.

Corker, meanwhile, said he wouldn€™t pursue this issue again. "I think it is water under the bridge," he said. "I€™ve got other fish to fry, and we pretty well cooked this one."

Please Thank Your Senators
"This vote would not have been possible without the incredible grassroots action by NACS members, their colleagues, friends and families," said NACS Senior Vice President of Government Relations Lyle Beckwith. "NACS members have done an unprecedented job of making sure their voices were heard loud and clear through face-to-face meetings, phone calls and letters €" more than 30,000 letters through our NACS grassroots website alone €" asking senators to vote against the Tester-Corker amendment."

Please thank your senators for their vote in support of convenience retailers and merchants across the country by opposing the Tester-Corker amendment.

See how your senators voted:

Akaka (D-HI), Yea
Alexander (R-TN), Yea
Ayotte (R-NH), Yea
Barrasso (R-WY), Nay
Baucus (D-MT), Yea
Begich (D-AK), Yea
Bennet (D-CO), Yea
Bingaman (D-NM), Nay
Blumenthal (D-CT), Nay
Blunt (R-MO), Yea
Boozman (R-AR), Yea
Boxer (D-CA), Nay
Brown (D-OH), Nay
Brown (R-MA), Nay
Burr (R-NC), Nay
Cantwell (D-WA), Nay
Cardin (D-MD), Nay
Carper (D-DE), Yea
Casey (D-PA), Nay
Chambliss (R-GA), Nay
Coats (R-IN), Yea
Coburn (R-OK), Yea
Cochran (R-MS), Yea
Collins (R-ME), Nay
Conrad (D-ND), Nay
Coons (D-DE), Yea
Corker (R-TN), Yea
Cornyn (R-TX), Yea
Crapo (R-ID), Yea
DeMint (R-SC), Yea
Durbin (D-IL), Nay
Enzi (R-WY), Nay
Feinstein (D-CA), Nay
Franken (D-MN), Nay
Gillibrand (D-NY), Yea
Graham (R-SC), Nay
Grassley (R-IA), Nay
Hagan (D-NC), Yea
Harkin (D-IA), Nay
Hatch (R-UT), Yea
Heller (R-NV), Yea
Hoeven (R-ND), Yea
Hutchison (R-TX), Yea
Inhofe (R-OK), Yea
Inouye (D-HI), Nay
Isakson (R-GA), Nay
Johanns (R-NE), Yea
Johnson (D-SD), Yea
Johnson (R-WI), Yea
Kerry (D-MA), Nay
Kirk (R-IL), Yea
Klobuchar (D-MN), Nay
Kohl (D-WI), Nay
Kyl (R-AZ), Yea
Landrieu (D-LA), Nay
Lautenberg (D-NJ), Nay
Leahy (D-VT), Nay
Lee (R-UT), Yea
Levin (D-MI), Nay
Lieberman (ID-CT), Not Voting
Lugar (R-IN), Nay
Manchin (D-WV), Yea
McCain (R-AZ), Yea
McCaskill (D-MO), Yea
McConnell (R-KY), Yea
Menendez (D-NJ), Nay
Merkley (D-OR), Nay
Mikulski (D-MD), Yea
Moran (R-KS), Yea
Murkowski (R-AK), Yea
Murray (D-WA), Nay
Nelson (D-FL), Yea
Nelson (D-NE), Yea
Paul (R-KY), Yea
Portman (R-OH), Yea
Pryor (D-AR), Nay
Reed (D-RI), Nay
Reid (D-NV), Nay
Risch (R-ID), Yea
Roberts (R-KS), Yea
Rockefeller (D-WV), Nay
Rubio (R-FL), Yea
Sanders (I-VT), Nay
Schumer (D-NY), Yea
Sessions (R-AL), Yea
Shaheen (D-NH), Nay
Shelby (R-AL), Yea
Snowe (R-ME), Nay
Stabenow (D-MI), Yea
Tester (D-MT), Yea
Thune (R-SD), Yea
Toomey (R-PA), Yea
Udall (D-CO), Nay
Udall (D-NM), Nay
Vitter (R-LA), Nay
Warner (D-VA), Yea
Webb (D-VA), Yea
Whitehouse (D-RI), Nay
Wicker (R-MS), Yea
Wyden (D-OR), Nay


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