BILL · 2007–08 SESSION

SB 6825: Credit card transaction fees

Providing a cap on credit card transaction fees paid by small business owners.

Summary

  • The Department of Financial Institutions (DFI) must negotiate on behalf of small business owners, to establish a maximum transaction fee that businesses may charge small business owners for credit card transactions.

From the Senate Bill Report (SB 6825), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 25, 2008
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Ken Jacobsen (D-46)
Introduced
January 25, 2008 in the Senate
Last action
January 25, 2008

AN ACT Relating to assisting small business owners by capping the credit card transaction fee paid by such owners;

Sponsors

Prime sponsor: Ken Jacobsen (D-46)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to Financial Institutions & Insurance.

SB 6825 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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