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.
Tourism industry urges Congressional action on Zika funding
The American Hotel & Lodging Association (AH&LA) and the U.S. Travel Association are urging Congress to immediately approve emergency funding to address the Zika virus. Previous attempts to pass funding have been bogged down because of additional, non-related, expenditures put into the legislation. The tourism industry needs Congress to pass funding to deal with the virus now before it becomes even more prevalent in the U.S.
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.