state_legiscan_backfill · DC
Fair Swipe Act of 2025
February 24, 2025
Summary
If enacted, this bill would prohibit financial institutions from assessing interchange fees on the sales tax and gratuity portions of credit and debit card transactions. It establishes a credit-based mechanism for merchants to recover interchange fees improperly charged on those specific transaction components.
AI-generated summary · May 20, 2026. Verify with your compliance counsel before acting.
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Source: https://lims.dccouncil.gov/Legislation/B26-0138
Common questions
- What does "Fair Swipe Act of 2025" cover?
- If enacted, this bill would prohibit financial institutions from assessing interchange fees on the sales tax and gratuity portions of credit and debit…
- When was it published?
- It was published on February 24, 2025.