In CommitteeFiled Apr 10, 2026
Sponsor: John Cabello (R)
Latest Action
Added Co-Sponsor Rep. Jackie Haas
May 13, 2026
Summary
The bill eliminates the Interchange Fee Prohibition Act, effectively ending the state's prohibition on interchange fees charged between financial institutions for card transactions. This change impacts banks, merchants, and consumers who will see the regulatory framework for credit‑card fees altered. The repeal takes effect as soon as the law is enacted.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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