Bill C-243
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- ENGLISH
- SUMMARY SUMMARY
- Payment Card Networks Act Payment Card Networks Act
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First Session, Forty-third Parliament, 68-69 Elizabeth II, 2019-2020 |
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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, July 20, 2020
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Mr. Brunelle-Duceppe |
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, 43rd Parliament, 68-69 Elizabeth II, 2019-2020 |
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HOUSE OF COMMONS OF CANADA |
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BILL C-243 |
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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
Payment Card Networks Act
1 The Payment Card Networks Act is amended by adding the following after section 5:
Credit Card Acceptance Fees
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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) For the purposes of subsection (1), 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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