moved for leave to introduce Bill S-202, an act to amend the Payment Card Networks Act (credit card acceptance fees).
Mr. Speaker, it is my great honour and pleasure to rise in the House to introduce my first bill. I thank the member for Thérèse-De Blainville, Ramez Ayoub, for seconding the bill.
The bill amends the Payment Card Networks Act to give the Governor in Council the power to limit the fees that the participants in a payment card network require from merchants who accept payments by credit card.
The aim is to reduce transaction fees, interchange fees, and the cost of credit cards for merchants. It is important to note that small businesses need some wiggle room, and we are the party for the middle class.
(Motions deemed adopted, bill read the first time and printed)