WASHINGTON – Today the U.S. House Financial Services Committee is debating the Financial Choice Act (H.R. 5983), which includes a provision to repeal debit swipe fee reforms contained in the Durbin Amendment.

Last week U.S. Representative Jeb Hensarling (R-TX) officially introduced the Financial Choice Act. Leading up to the official introduction of the bill, more than 400 retailers, including many NACS members, sent a letter to Congress asking them to protect debit card reforms.

NACS is asking convenience retailers to reach out to their representatives and encourage them to oppose the Financial Choice Act as long as the provision to repeal the Durbin Amendment remains. In just a few minutes, industry stakeholders can send a letter to their members of Congress telling them how Hensarling’s legislation would affect their business and their customers.

You can watch the markup live on the Financial Services Committee’s website beginning today at 10:00 am ET.