“Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.”
Quote by Peter Welch
Author
Peter Welch
Peter Welch is the U.S. Representative for Vermont's at-large congressional district, serving since 2007. Born on May 2, 1947, he is a Democrat known for his focus on healthcare, energy policy, and fiscal responsibility. Before Congress, he served in the Vermont State Senate and worked as a lawyer. Welch advocates for bipartisan solutions and addresses issues like climate change and infrastructure. He sits on the Energy and Commerce Committee. more
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