Senate Majority Leader Harry Reid (D-NV) told Thomson Reuters Wednesday he will bring Jon Tester's (D-MT) amendment to delay the Federal Reserve's power to regulate swipe fees by two years to the floor even though he personally opposes it.
"I'm trying to find a way to do that now," Reid added.
Tester spokesperson Andrea Helling said her Senator is still trying to get the 60 votes needed to pass the measure to push back the date when the Fed could impose restrictions on the fees banks charge retailers for debit card transaction.
Tester said a month ago he had the votes.
Which bill Tester's amendment will be proposed for has not been determined.
The power, often referred to as the Durbin Amendment, was included in the Dodd-Frank Wall Street Reform and Consumer Protection Act, and has engendered significant legal and legislative opposition since it was first proposed.
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