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

Sponsor

Alexis Brunelle-Duceppe  Bloc

Introduced as a private member’s bill. (These don’t often become law.)

Status

Introduced, as of July 20, 2020

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Summary

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

This enactment amends the Payment Card Networks Act to confer on the Governor in Council the power to set a limit on the credit card acceptance fees that a payment card network operator may charge a merchant.

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

July 20th, 2020 / 3:05 p.m.
See context

Bloc

Alexis Brunelle-Duceppe Bloc Lac-Saint-Jean, QC

moved for leave to introduce Bill C-243, An Act to amend the Payment Card Networks Act (credit card acceptance fees).

Mr. Speaker, who do we work for? The answer is simple. We work for the people, including those who run a business. I point that out because SMEs are relying more than ever on credit card companies, especially during COVID, without being able to do anything about it. I invite all my hon. colleagues to join me in giving business owners in Quebec and the provinces a fighting chance long-term. The purpose of this bill is to regulate interchange fees, which for far too long have been negotiated behind closed doors at the banks.

My hon. colleagues have to ask themselves who they work for. In answering that question, they will come to the conclusion that this bill is fair and will serve the people who trusted us to speak for them.

(Motions deemed adopted, bill read the first time and printed)