Threat of swipe fee increase growing
The U.S. House Financial Services Committee has approved a bill that would repeal the 2010 Dodd-Frank Law and the swipe-fee reforms that were included in the law. If the bill passes, current swipe fees will nearly double to previous rates that were in effect before Dodd-Frank was passed.
S. 3446 the ADA Education and Reform Act was recently filed by Sen. Jeff Flake (R—AZ) and Roger Wicker (R—MS), which would add a provision to the American with Disabilities Act that would provide businesses with a defined period of time to correct an alleged ADA violation before legal action can be taken. This bill is a companion bill to House legislation that was recently passed out of the House Judiciary Committee.
U.S. House passes overtime-delay bill
The U.S. House of Representatives, with a vote of 246-177, passed a bill that would move the overtime rule’s implementation date from December 1, 2016, to June 1, 2017. There is now a push to pass a similar bill in the Senate. While this is a promising vote, we expect any measure that gets to the President will be vetoed. With this expectation in mind, please move forward with your plans to ensure compliance by December 1, 2016.