Senate Panel Kills Swipe Fee Provision in Appropriations Bill
Aug. 5, 2010
The Senate Appropriations Committee recently thwarted Sen. Richard Durbin (D-Ill.) in his latest attempt to curb swipe fees. Sen. Durbin had added a provision to the Financial Services and General Government Appropriations Act to limit the transaction fees issuers could charge the U.S. government on its credit card purchases. The committee voted to approve an amendment by Sen. Susan Collins (R-Maine) that removed the provision, pending review by the Government Accountability Office.