To repeal section 1075 of the Consumer Financial Protection Act of 2010 relating to rules for payment card transactions, and for other purposes.

Bill: 114-hr-5465
Sponsor: full_name: Rep. Neugebauer, Randy [R-TX-19]
Introduced: 2016-06-14
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Banking and financial institutions regulation

Consumer Financial Protection Bureau

Consumer credit
Latest action: action_date: 2016-06-14
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2016-06-14
action_desc: Introduced in House
text: <p>This bill: (1) repeals provisions of the Consumer Financial Protection Act of 2010 that amended the Electronic Fund Transfer Act to authorize the Consumer Financial Protection Bureau to prescribe regulations governing interchange transaction fees for electronic debit transactions, and (2) restores the law amended by such provisions as if they had not been enacted.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5465 IN THE HOUSE OF REPRESENTATIVES June 14, 2016 Mr. Neugebauer introduced the following bill; which was referred to the Committee on Financial Services A BILL To repeal section 1075 of the Consumer Financial Protection Act of 2010 relating to rules for payment card transactions, and for other purposes.

1. Repeal of rules for payment card transactions (a) In general Section 1075 of the Consumer Financial Protection Act of 2010 is hereby repealed and the provisions of law amended by such section are revived or restored as if such section had not been enacted. (b) Clerical amendment The table of contents under section 1(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by striking the item relating to section 1075.