Neugebauer swipe-fee proposal would raise consumer costs

(Washington, D.C.) The National Restaurant Association today issued the following statement opposing Chairman Randy Neugebauer’s (R-Texas) bill to repeal debit swipe fee reform:

“It’s no surprise the big banks and card companies continue to cry foul over debit swipe fee reform – it injected a degree of competition, transparency and fairness where there was absolutely none before,” said Laura Chadwick, Director of Commerce and Entrepreneurship for the National Restaurant Association. “Despite what the big banks and card companies would have you believe, hard-fought debit swipe fee reform has helped keep costs low for consumers. It’s unfortunate that Chairman Neugebauer has chosen big banks and card companies over Main Street businesses.”  

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Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises more than 1 million restaurant and foodservice outlets and a workforce of 14.4 million employees. We represent the industry in Washington, D.C., and advocate on its behalf. We operate the industry's largest trade show (NRA Show May 20-23, 2017, in Chicago); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF's ProStart); as well as the Kids LiveWell program promoting healthful kids' menu options. For more information, visit Restaurant.org and find us on Twitter @WeRRestaurants, Facebook and YouTube.