The Franchise Owner's most trusted news source

Log In / Register | Dec 17, 2017

Financial Choice Act Passes House, Swipe Fee Reform Protected

H.R. 10, The Financial Choice Act of 2017, passed the House of Representatives today, after a substitute amendment was filed by the bill sponsor earlier in the week.  The purpose of H.R. 10 is to repeal most of the regulations from the Dodd-Frank Act passed in 2010.

The substitute amendment made technical changes, including removing the language repealing the Durbin Amendment. Swipe Fee Reform has been preserved!  A huge victory for all merchants, including franchisees. We need to especially thank our good friend Rep. Bruce Poliquin (ME-2) for leading this effort from the beginning. We also need to thank Rep. Dennis Ross (FL-15) and Rep. David Young (IA-3) who's efforts ensured the amendment protected these reforms. Feel free to let their offices know. It's a tough political world these days, don't forget to say thanks to those that support our causes, especially if you reside in their district.

Rep. Poliquin   (202) 225-6306

Rep. Ross        (202) 225-1252

Rep. Young      (202) 225-5476


No votes yet

About Keith Miller

Keith Miller's picture

Public Profile

Subway franchisee for 28 years. Current Chairman of the Coalition of Franchisee Associations. Read the Universal Franchisee Bill of Rights to understand what our organization whole-heartedly advocates.If you like it, endorse it. If you are interested in helping with franchisee issues, contact Misty Chally at the Coalition, (202) 416-0270 or email with any questions.