Description: Credit card issuers; prohibit charging merchants amount in excess of contractual discount rate.
Bill Text: [Introduced]
History of Actions:
|1||01/08 (S) Referred To Business and Financial Institutions|
|2||02/04 (S) Died In Committee|
|Effective date||July 1, 2003|
|Deadline||General Bill/Constitutional Amendment|
|Vote type required||Majority|
Principal Author: Tollison
Title: AN ACT TO PROHIBIT CREDIT CARD ISSUERS FROM CHARGING MERCHANTS ANY AMOUNT IN EXCESS OF THE CONTRACTUAL DISCOUNT RATE AS AGREED BETWEEN THE CREDIT CARD ISSUER AND THE MERCHANT WITH REGARD TO FEES PER SALES TRANSACTIONS; AND FOR RELATED PURPOSES.
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