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Bill C-243

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First Session, Forty-third Parliament,

68-69 Elizabeth II, 2019-2020

HOUSE OF COMMONS OF CANADA

BILL C-243
An Act to amend the Payment Card Networks Act (credit card acceptance fees)

FIRST READING, July 20, 2020

Mr. Brunelle-Duceppe

431142


SUMMARY

This enactment amends the Payment Card Networks Act to confer on the Governor in Council the power to set a limit on the credit card acceptance fees that a payment card network operator may charge a merchant.

Available on the House of Commons website at the following address:
www.ourcommons.ca


1st Session, 43rd Parliament,

68-69 Elizabeth II, 2019-2020

HOUSE OF COMMONS OF CANADA

BILL C-243

An Act to amend the Payment Card Networks Act (credit card acceptance fees)

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

2010, c. 12, s. 1834

Payment Card Networks Act

1The Payment Card Networks Act is amended by adding the following after section 5:

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Credit Card Acceptance Fees

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Limit
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5.‍1(1)The credit card acceptance fees that a payment card network operator may charge a merchant must not exceed the limit prescribed by regulation for each category of users.

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Regulations
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(2)For the purposes of subsection (1), the Governor in Council may, by regulation,

  • (a)define “credit card acceptance fees”;

  • (b)establish categories of users; and

  • (c)set limits on credit card acceptance fees.

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Published under authority of the Speaker of the House of Commons

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