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Stop Onerous Surcharges Act

12/29/2022, 9:48 PM

Summary of Bill HR 6979

Bill 117 HR 6979, also known as the Stop Onerous Surcharges Act, is a piece of legislation introduced in the US Congress with the aim of addressing the issue of excessive surcharges imposed on consumers by businesses. The bill seeks to prohibit businesses from imposing unfair and excessive surcharges on consumers for using credit cards or other forms of payment.

The Stop Onerous Surcharges Act aims to protect consumers from being unfairly charged extra fees simply for using a certain form of payment. The bill would require businesses to disclose any surcharges upfront and would prohibit them from charging more than the actual cost of processing the payment.

Supporters of the bill argue that excessive surcharges can unfairly burden consumers, especially those who may not have access to alternative forms of payment. They believe that businesses should not be able to profit off of these fees at the expense of consumers. Opponents of the bill, however, argue that businesses should have the right to set their own prices and fees, including surcharges for certain forms of payment. They believe that government intervention in this area could have unintended consequences and could potentially harm businesses. Overall, the Stop Onerous Surcharges Act is aimed at protecting consumers from unfair and excessive fees imposed by businesses for using certain forms of payment. The bill is currently being debated in Congress, and its future remains uncertain.

Congressional Summary of HR 6979

Stop Onerous Surcharges Act

This bill requires U.S. representatives to the International Monetary Fund (IMF) to advocate and vote for an immediate review of the IMF's surcharge policies and a suspension of such surcharges while the review is underway.

Current Status of Bill HR 6979

Bill HR 6979 is currently in the status of Bill Introduced since March 8, 2022. Bill HR 6979 was introduced during Congress 117 and was introduced to the House on March 8, 2022.  Bill HR 6979's most recent activity was Referred to the House Committee on Financial Services. as of March 8, 2022

Bipartisan Support of Bill HR 6979

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6979

Primary Policy Focus

International Affairs

Alternate Title(s) of Bill HR 6979

Stop Onerous Surcharges Act
Stop Onerous Surcharges Act
To support a review of surcharge policy at the International Monetary Fund.

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