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CS/CS/HB 677: Electronic Payment Transactions

GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Caruso

Electronic Payment Transactions; Prohibits certain entities from receiving & charging merchants interchange fees on tax & tip amounts of electronic payment transactions; requires merchants to transmit data for interchange fees credits; authorizes merchants to submit documentation & data within specified timeframe; requires issuers to credit merchants interchange fees; provides civil penalties; prohibits entities from distributing, exchanging, transferring, disseminating, & using electronic payment transaction data.

Effective Date: 10/1/2023
 Last Action: 5/5/2023 House - Died on Second Reading Calendar
Bill Text: PDF

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  • Bill History

    Date Chamber Action
    2/8/2023 House • Filed
    2/14/2023 House • Referred to Insurance & Banking Subcommittee
    • Referred to Commerce Committee
    • Now in Insurance & Banking Subcommittee
    3/7/2023 House • 1st Reading (Original Filed Version)
    3/10/2023 House • Added to Insurance & Banking Subcommittee agenda
    3/14/2023 House • Favorable with CS by Insurance & Banking Subcommittee
    3/15/2023 House • Reported out of Insurance & Banking Subcommittee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    • 1st Reading (Committee Substitute 1)
    3/16/2023 House • Referred to Commerce Committee
    • Now in Commerce Committee
    4/6/2023 House • PCS added to Commerce Committee agenda
    4/11/2023 House • Favorable with CS by Commerce Committee (Amended)
    4/12/2023 House • Reported out of Commerce Committee
    4/13/2023 House • Laid on Table under Rule 7.18(a)
    • CS Filed
    • 1st Reading (Committee Substitute 2)
    4/14/2023 House • Bill referred to House Calendar
    • Added to Second Reading Calendar
    5/5/2023 House • Died on Second Reading Calendar

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  • CS/CS/HB 677, Committee Substitute 2 (Current Bill Version) Posted 4/13/2023 at 9:05 AM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 564 (c3) Interchange Fees on Taxes Hutson Similar Last Action: 5/5/2023 S Died on Calendar Track This Bill

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    501.0119 Page 2 (pdf)

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  • CS/HB 677, Committee Substitute 1 Posted 3/15/2023 at 3:27 PM

    Bill Text:   PDF
    Analyses:   Commerce Committee (Post-Meeting) 4/12/2023 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 564 (c2) Interchange Fees on Taxes Hutson Similar Last Action: 5/5/2023 S Died on Calendar Track This Bill

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    655.969 Page 1 (pdf)

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  • HB 677, Original Filed Version Posted 2/8/2023 at 5:54 PM

    Bill Text:   PDF
    Analyses:   Insurance & Banking Subcommittee (Post-Meeting) 3/15/2023 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 564 Interchange Fees on Taxes Hutson Identical Last Action: 5/5/2023 S Died on Calendar Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    600057 - Strike All Amendment
    Remove lines 47-82 and insert:     		Caruso 3/13/2023
    3:25 PM     		Adopted without Objection
    3/14/2023     		PDF

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    655.969 Page 1 (pdf)

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