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A collection of retailers is lobbying to get its signature priority, a credit card interchange fee measure, added to the Wall Street reform bill.
Some 55 organizations including the American Apparel & Footwear Association, the National Association of Theatre Owners, the Taxicab, Limousine & Paratransit Association and the Retail Industry Leaders Association sent a letter to all Senators urging them to include interchange fee reform on the Wall Street bill.
Unless relief is granted, hidden interchange swipe fees, which amounted to $48 billion in 2008, will continue to rise as credit card companies and their largest issuing banks seek even higher profits, primarily on the backs of our organizations members, the letter said.
Meanwhile, on Tuesday, the National Association of Convenience Stores joined with Reps. Peter Welch (D-Vt.) and Bill Shuster (R-Pa.) to deliver 2 million new customer signatures collected during the NACS Stop Unfair Swipe Fees campaign. Previously, the store 7-Eleven collected 1.7 million signatures urging swipe fee reform.
NACS also signed the Senate letter.
John Emling, senior vice president for government affairs at RILA, said that if Wall Street reform legislation does not address the credit and debit card swipe fees it would be devastating for retailers, large and small.
Congress must consider the consequences of leaving merchants exposed to the credit card industry, who will raise rates to make up for lost revenue resulting from failing portfolios and industry reforms which have sought to rein in their harmful practices, Emling said in a statement.
Mark Alsalih made a brief run as a Washington power broker as a partner at the now-defunct Alexander Strategy Group, a firm that had close ties to former Rep. Tom DeLay (R-Texas). Now the Texan is making a move to reappear on the international lobbying front.
Alsalih signed up the Iraqi political party Tajdeed Electoral Slate earlier this year, according to reports filed with the Department of Justice. While Alsalih registered to work on behalf of Vice President Tariq al-Hashimi, he has not yet provided his contract or divulged what the scope of his work will be with al-Hashimi to the Department of Justice.
Theyll Drink to That
The Distilled Spirits Council of the United States ratcheted up its efforts to bring small distillers to Capitol Hill, holding its first lobby day on Tuesday for the trade associations Craft Distiller Affiliate members.
The purpose of this is to harness the growing number of small distillers that have sprung up in the last five years across the U.S., DISCUS Frank Coleman said.
The small distiller contingent now has about two dozen members. And more than half came to Washington to meet with their Members of Congress and to show off their products at a reception Tuesday on Capitol Hill.
There are lots of public policy issues that affect distillers large and small, Coleman said, noting that taxes are at the top of DISCUS members agenda. Our basic message to Members of Congress is were not here asking for a bailout. Just do no harm, dont give us a kick in the teeth.
DISCUS President Peter Cressy, along with the groups lobbyists Mark Gorman, Michele Famiglietti and David Culver, were all expected to participate.