HOUSE DOCKET, NO. 1318 FILED ON: 1/18/2023
HOUSE . . . . . . . . . . . . . . . No. 1101
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The Commonwealth of Massachusetts
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PRESENTED BY:
James M. Murphy
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act regarding credit card surcharging.
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PETITION OF:
Name: | District/Address: | Date Added: |
James M. Murphy | 4th Norfolk | 1/18/2023 |
Simon Cataldo | 14th Middlesex | 8/9/2023 |
Adam Scanlon | 14th Bristol | 8/9/2023 |
HOUSE DOCKET, NO. 1318 FILED ON: 1/18/2023
HOUSE . . . . . . . . . . . . . . . No. 1101
By Representative Murphy of Weymouth, a petition (accompanied by bill, House, No. 1101) of James M. Murphy for legislation to establish a special commission (including members of the General Court) on payment trends, the prevalence of cashless transactions and cashless businesses, credit card fees, mobile payments, buy-now-pay-later financing, and other aspects of the payments industry. Financial Services. |
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act regarding credit card surcharging.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Section 28A of Chapter 140D of the general laws, as so appearing, is hereby amended by striking subsection (a)(2).
SECTION 2. There shall be a special commission to study the future of payments. The commission shall consist of the following members, the chairs of the joint committee on financial services, who shall serve as co-chairs; 1 member appointed by the attorney general; 1 member appointed by the minority leader of the house of representatives; 1 member appointed by the minority leader of the senate; the secretary of housing and economic development or a designee; the director of the division of banks; 1 member appointed by the Massachusetts Bankers Association; 1 member appointed by the Retailers Association of Massachusetts; 1 member appointed by Massachusetts PIRG; 1 member appointed by the Massachusetts chapter of the national federation of independent businesses; and 1 member appointed by the Massachusetts restaurant association.
The commission shall hold at least three public hearings and shall solicit input from the public, businesses and the payments industry on payment trends, the prevalence of cashless transactions and cashless businesses in the commonwealth, credit card fees, mobile payments, buy-now-pay-later financing, and other aspects of the payments industry. The commission shall submit a report to the legislature on its findings and any legislative recommendations to update the laws of the commonwealth by March 1, 2024.