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IL SB3237

IL SB3237
INTERCHANGE FEE-REPEAL


summary

Introduced
02/02/2026
In Committee
02/02/2026
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Repeals the Interchange Fee Prohibition Act. Effective immediately.

AI Summary

This bill repeals the Interchange Fee Prohibition Act, which means that any rules or restrictions previously established by that act regarding interchange fees will no longer be in effect. Interchange fees are typically charged by credit card companies to merchants for processing credit card transactions. The bill also states that it takes effect immediately upon becoming law.

Sponsors (1)

Last Action

Referred to Assignments (on 02/02/2026)

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