| Immigration Reform |
April 15, 2013 |
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Steve King, R-IA
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"And then they would also implement an Entry/Exit program. Well, we have that. It’s called US-VISIT. It’s been in law since about 1996, when it first began to be implemented as entry, and then we added the exit piece of it, but it’s never been implemented. I’ve stood at the border and watched as people come in, swipe their card, they go register on a computer that they come into the United States, and an hour later the car goes back south again and doesn’t have to stop because there’s no exit system in place. Why not? This administration and the previous administration were not determined to complete it."
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| Swipe Fees |
September 20, 2012 |
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Peter Welch, D-VT
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"Mr. Speaker, 1 year ago, Congress took action finally to reform out-of-control debit card swipe fees charged to our small businesses and customers every time they swipe a debit card. For years, the card companies and big banks have essentially been ripping folks off, overcharging them on swipe fees. With no one watching just because they could, they were charging the highest fees in the world, running up billions of dollars in profits but all at the expense of small businesses and consumers. That’s just too much. There is no justification for this."
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| Food And Drug Administration Safety And Innovation Act—Motion To Proceed—Continued |
May 22, 2012 |
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Richard Durbin, D-IL
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"I want to talk today about another part of the Wall Street reform that passed 2 years ago, a provision that the big banks hate as much as any other. I am talking about the provision I wrote dealing with interchange fees, or swipe fees. The swipe fee is a fee that a bank receives from a merchant, like a restaurant or a retailer, when the merchant accepts a credit or debit card issued by the bank. That fee is taken out of the transaction amount. If your bill is $50 at the restaurant, that includes the fee the restaurant is paying to the bank and credit card company called the swipe fee—the interchange fee."
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