SB 134 CO

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Vetoed

An interchange fee is a fee established, charged, or received by a payment card network for the purpose of compensating an issuer for its involvement in an electronic payment transaction. The act states that a payment card network shall not, whether directly or indirectly:Establish, charge, or include in a fee schedule an interchange fee if:The interchange fee is or includes a percentage multiplied by the gross dollar amount of a transaction conducted with a debit card or credit card; andThe fee does not exclude from the gross dollar amount of the transaction any amount attributable to a tax on the transaction; orIncrease the rate or amount of fees that apply to the nontax portion of a transaction in an attempt to, or in a manner that would, circumvent the prohibition on interchange fees established by the act.     The act exempts electronic payment transactions involving a debit card or credit card issued by a person, or agent of a person, that issues a debit card or credit card to a cardholder (issuer) that:Did not, during any point in the previous calendar year, hold consolidated worldwide banking and nonbanking assets, including assets of affiliates, other than trust assets under management, of more than $60 billion; orAs of February 1, 2026, had contracted to brand the card with the brand of a financial institution chartered or authorized to do business in this state that did not, during any point in the previous calendar year, hold consolidated worldwide banking and nonbanking assets, including assets of affiliates, other than trust assets under management, of more than $60 billion.An issuer that satisfies either of these exemption descriptions must identify to a payment card network all of the issuer's debit cards and credit cards that are used for exempted transactions. The payment card network shall not, whether directly or indirectly through an agent, contract, requirement, condition, penalty, technological specification, or inducement or otherwise:Deny such a card access to transaction processing systems; orImpose any fee increase or penalty on the issuer or on a financial institution branded on the card for any costs of upgrades or configurations to payment and processing systems that may be necessary to comply with the act with respect to such cards.     If a payment card network violates the act's prohibitions, a merchant, consumer, or other person that is injured as a result of the violation may bring a civil action against the payment card network. The act sets forth the penalties to be awarded in such an action.     For the 2026-27 state fiscal year and each state fiscal year thereafter, the act requires each retail business that has more than 500 employees statewide on the effective date of the act to apply any savings resulting from the act to reducing prices for consumers or investing in employee wages or benefits.(Note: This summary applies to this bill as enacted.)

• I. Jodeh Democratic · sponsor
• W. Lindstedt Democratic · sponsor
• M. Duran Democratic · sponsor
• J. McCluskie Democratic · sponsor
• J. Amabile Democratic · sponsor
• D. Roberts Democratic · sponsor
• M. Weissman Democratic · sponsor
• M. Brooks Republican · sponsor
• K. Brown Democratic · sponsor
• M. Froelich Democratic · sponsor
• L. García Democratic · sponsor
• K. Nguyen Democratic · sponsor
• L. Smith Democratic · sponsor
• T. Story Democratic · sponsor
• J. Willford Democratic · sponsor
• S. Woodrow Democratic · sponsor

1. Jun 3, 2026 Governor Vetoed · executive
2. May 22, 2026 Sent to the Governor · executive
3. May 22, 2026 Signed by the Speaker of the House · lower
4. May 22, 2026 Signed by the President of the Senate · upper
5. May 6, 2026 House Third Reading Passed - No Amendments · lower
6. May 5, 2026 House Second Reading Special Order - Passed - No Amendments · lower
7. May 4, 2026 House Committee on Finance Refer Unamended to House Committee of the Whole · lower
8. May 1, 2026 Introduced In House - Assigned to Finance · lower
9. Apr 29, 2026 Senate Third Reading Passed - No Amendments · upper
10. Apr 28, 2026 Senate Third Reading Laid Over Daily - No Amendments · upper
11. Apr 27, 2026 Senate Second Reading Passed with Amendments - Floor · upper
12. Apr 24, 2026 Senate Second Reading Laid Over to 04/27/2026 - No Amendments · upper
13. Apr 20, 2026 Senate Second Reading Laid Over to 04/24/2026 - No Amendments · upper
14. Apr 17, 2026 Senate Second Reading Laid Over to 04/20/2026 - No Amendments · upper
15. Apr 13, 2026 Senate Second Reading Laid Over to 04/17/2026 - No Amendments · upper
16. Apr 10, 2026 Senate Second Reading Laid Over to 04/13/2026 - No Amendments · upper
17. Apr 9, 2026 Senate Second Reading Laid Over to 04/10/2026 - No Amendments · upper
18. Apr 8, 2026 Senate Second Reading Laid Over to 04/09/2026 - No Amendments · upper
19. Apr 7, 2026 Senate Second Reading Laid Over to 04/08/2026 - No Amendments · upper
20. Apr 6, 2026 Senate Second Reading Laid Over to 04/07/2026 - No Amendments · upper
21. Apr 2, 2026 Senate Second Reading Laid Over to 04/06/2026 - No Amendments · upper
22. Apr 1, 2026 Senate Second Reading Laid Over to 04/02/2026 - No Amendments · upper
23. Mar 31, 2026 Senate Second Reading Laid Over to 04/01/2026 - No Amendments · upper
24. Mar 30, 2026 Senate Second Reading Laid Over to 03/31/2026 - No Amendments · upper
25. Mar 26, 2026 Senate Second Reading Laid Over to 03/30/2026 - No Amendments · upper
26. Mar 25, 2026 Senate Second Reading Laid Over to 03/26/2026 - No Amendments · upper
27. Mar 24, 2026 Senate Second Reading Laid Over to 03/25/2026 - No Amendments · upper
28. Mar 23, 2026 Senate Second Reading Laid Over to 03/24/2026 - No Amendments · upper
29. Mar 20, 2026 Senate Second Reading Laid Over to 03/23/2026 - No Amendments · upper
30. Mar 19, 2026 Senate Second Reading Laid Over to 03/20/2026 - No Amendments · upper
31. Mar 18, 2026 Senate Second Reading Laid Over to 03/19/2026 - No Amendments · upper
32. Mar 17, 2026 Senate Second Reading Laid Over to 03/18/2026 - No Amendments · upper
33. Mar 16, 2026 Senate Second Reading Laid Over to 03/17/2026 - No Amendments · upper
34. Mar 12, 2026 Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the Whole · upper
35. Mar 4, 2026 Introduced In Senate - Assigned to Business, Labor, & Technology · upper