BILL · 2007–08 SESSION
SB 5065: Interchange & associated fee
Regulating interchange and associated fees.
Summary
- "Interchange fees" are defined as the fees that a merchant's financial institution pays to a cardholder's financial institution when a customer uses a credit or debit card as payment during a retail transaction. The cardholder's financial institution may not charge an interchange fee that is more than 1.5 percent of the total cost of the retail transaction.
From the Senate Bill Report (SB 5065), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 9, 2007
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Ken Jacobsen (D-46)
- Introduced
- January 9, 2007 in the Senate
- Last action
- January 14, 2008
- Budget
- Has a fiscal note
AN ACT Relating to interchange and associated fees;
Sponsors
Prime sponsor: Ken Jacobsen (D-46)
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to Financial Institutions & Insurance.
SB 5065 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5065 (2025–26) Traveling animal acts
- SB 5065 (2023–24) Bone marrow donation/schools
- SB 5065 (2021–22) Railroad workers
- SB 5065 (2019–20) Consumer comp grp insurance
- SB 5065 (2017–18) Government performance
- SB 5065 (2015–16) Homeless students
- SB 5065 (2013–14) Insurer transactions
- SB 5065 (2011–12) Animal cruelty prevention