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Bill C-236

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First Session, Forty-second Parliament,

64-65 Elizabeth II, 2015-2016

HOUSE OF COMMONS OF CANADA

BILL C-236
An Act to amend the Payment Card Networks Act (credit card acceptance fees)

FIRST READING, February 25, 2016

Ms. Lapointe

421125


SUMMARY

This enactment amends the Payment Card Networks Act to confer on the Governor in Council the power to set a limit on the credit card acceptance fees that a payment card network operator may charge a merchant.

Available on the House of Commons website at the following address:
www.ourcommons.ca


1st Session, 42nd Parliament,

64-65 Elizabeth II, 2015-2016

HOUSE OF COMMONS OF CANADA

BILL C-236

An Act to amend the Payment Card Networks Act (credit card acceptance fees)

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

2010, c. 12, s. 1834

1The Payment Card Networks Act is amended by adding the following after section 5:

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Credit card acceptance fees

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Limit
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5.‍1(1)The credit card acceptance fees that a payment card network operator may charge a merchant must not exceed the limit prescribed by regulation for each category of users.

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Regulations
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(2)The Governor in Council may, by regulation,

  • (a)define “credit card acceptance fees”;

  • (b)establish categories of users; and

  • (c)set limits on credit card acceptance fees.

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Published under authority of the Speaker of the House of Commons

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