An Act to amend the Payment Card Networks Act (credit card acceptance fees)

This bill was last introduced in the 41st Parliament, 2nd Session, which ended in August 2015.

Status

Considering committee report (Senate), as of May 6, 2015
(This bill did not become law.)

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment amends the Payment Card Networks Act in order to limit the fees that the participants in a designated payment card network require from merchants who accept payments by credit card. The payment card networks operated in Canada by Visa and MasterCard are designated. The Minister of Finance may vary the fee limits and is responsible for supervising the compliance of the participants. The Minister may seek an order of a court to enforce compliance.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Payment Card Networks ActRoutine Proceedings

February 25th, 2016 / 10:15 a.m.
See context

Liberal

Linda Lapointe Liberal Rivière-des-Mille-Îles, QC

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)