I 
112TH CONGRESS 
1ST SESSION H. R. 3156 
To repeal the debit card interchange price control provisions of the Dodd- 
Frank Wall Street Reform and Consumer Protection Act and restore 
balance to the electronic payments system, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 12, 2011 
Mr. CHAFFETZ (for himself and Mr. OWENS) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To repeal the debit card interchange price control provisions 
of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act and restore balance to the electronic pay-
ments system, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Consumer Debit Card 
Protection Act’’. 
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SEC. 2. REPEAL OF FEDERAL CONTROLS ON DEBIT CARD 
INTERCHANGE FEES. 
(a) REPEAL.—Effective as of the enactment of the 
Dodd-Frank Wall Street Reform and Consumer Protec-
tion Act (Public Law 111–203), section 1075 of that Act 
is repealed, and the provisions of law amended by such 
section are revived or restored as if such section had not 
been enacted. 
(b) RULEMAKINGS VOIDED.—Any regulation or in-
formation collection proposed or prescribed by the Board 
of Governors of the Federal Reserve System pursuant to 
section 920 of the Electronic Fund Transfer Act (as added 
by title X of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act) is void and shall be withdrawn 
by the Board and shall have no force or effect. 
SEC. 3. STATUTORY CORRECTIONS. 
(a) ELECTRONIC FUND TRANSFER ACT.—The Elec-
tronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is 
amended— 
(1) in section 904— 
(A) subsection (a)— 
(i) by amending paragraph (2) to read 
as follows: 
‘‘(2) AUTHORITY OF THE BOARD.—The Board 
shall have sole authority to prescribe rules to carry 
out the purposes of this title with respect to a per-
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son described in section 1029(a) of the Consumer 
Financial Protection Act of 2010. In prescribing 
such regulations, the Board shall—’’; 
(ii) by redesignating the last 4 para-
graphs (designated as paragraphs (1) 
through 
(4)) 
as 
subparagraphs 
(A) 
through (B), respectively; 
(iii) in subparagraph (C) (as so redes-
ignated), by striking ‘‘the Board’’; and 
(iv) in subparagraph (D) (as so redes-
ignated)— 
(I) by striking ‘‘any’’ and insert-
ing ‘‘send any’’; 
(II) by striking ‘‘shall be sent’’; 
and 
(III) by striking ‘‘by the Board’’; 
and 
(B) in subsection (e), by striking ‘‘to—’’ 
and all that follows and inserting ‘‘to the Bu-
reau in making determinations regarding the 
meaning or interpretation of any provision of 
this title for which the Bureau has authority to 
prescribe regulations.’’; and 
(2) in section 918(a)— 
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(A) in paragraph (3), by striking the pe-
riod and inserting ‘‘; and’’; 
(B) in paragraph (4), by striking ‘‘; and’’ 
and inserting a period; and 
(C) by striking paragraph (5). 
(b) CONSUMER FINANCIAL PROTECTION ACT
OF 
2010.—Section 1002(12)(C) of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (12 U.S.C. 
5481(12)(C)) is amended by striking ‘‘, except with re-
spect to section 920 of that Act’’. 
(c) RULE
OF CONSTRUCTION.—The amendments 
made by subsections (a) and (b) shall not be construed 
as limiting or expanding any authority granted to the Bu-
reau of Consumer Financial Protection under the Con-
sumer Financial Protection Act of 2010. Nothing in this 
Act or the amendment made by this Act shall be construed 
as granting such Bureau the authority to regulate debit 
card or credit card interchange transaction fees. 
Æ 
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