H.R.5546: To amend the antitrust laws to ensure competitive market-based rates and terms for merchants' access to electronic payment systems.

To amend the antitrust laws to ensure competitive market-based rates and terms for merchants' access to electronic payment systems. 3/6/2008--Introduced. Credit Card Fair Fee Act of 2008 - Authorizes providers of a single covered electronic payment system (e.g. Visa or Mastercharge credit cards) and any merchants to jointly negotiate and agree upon rates and terms for access to such a system. Defines covered electronic payment system as any system that has been used for at least 20% of the combined dollar value of U.S. credit, signature-based debit, and PIN-based debit card payments processed in the applicable base year. Grants limited antitrust immunity to such providers and merchants, as well as to those providers who jointly determine among themselves the proportionate division of paid access fees. Sets forth procedures to determine rates and terms for access to a covered electronic payment system. Prohibits any other rates and terms from being [...]

show full description