Posted on June 8, 2011
WASHINGTON – U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement on his vote in support of an amendment offered by Senators Jon Tester (D-Mont.) and Bob Corker (R-Tenn.) that would delay by one year the implementation of Federal Reserve regulations over so-called “swipe fees,” and would require a 6-month study of the regulations:
“I voted for this amendment because it would require our nation’s financial regulators to study this rule’s potential effects on community banks, credit unions, and consumers, and then rewrite a better rule if the study calls for one.”
The amendment fell six votes short of the 60 votes necessary for adoption.
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