Bill C-236
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- ENGLISH
- Cover Cover
- Summary Summary
- BILL C-236 BILL C-236
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First Session, Forty-second Parliament, 64-65 Elizabeth II, 2015-2016 |
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HOUSE OF COMMONS OF CANADA |
An Act to amend the Payment Card Networks Act (credit card acceptance fees)
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FIRST READING, February 25, 2016
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Ms. Lapointe |
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.
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Available on the House of Commons website at the following address:
www.ourcommons.ca
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1st Session, 42nd Parliament, 64-65 Elizabeth II, 2015-2016 |
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HOUSE OF COMMONS OF CANADA |
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BILL C-236 |
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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
1 The Payment Card Networks Act is amended by adding the following after section 5:
Credit card acceptance fees
End of inserted blockLimit
Start of inserted block5.1 (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.
End of inserted blockRegulations
Start of inserted block(2) The Governor in Council may, by regulation,
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(a) define “credit card acceptance fees”;
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(b) establish categories of users; and
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(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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