New York · 2025 Regular Session · Bill
S 5558: Enacts the interchange fee prohibition act
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 5558 is a bill introduced in the New York Senate on February 25, 2025. According to its official title, it concerns: Enacts the interchange fee prohibition act. Primary sponsor: Jeremy Cooney (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO CONSUMER PROTECTION.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Enacts the "interchange fee prohibition act"; prohibits the receipt or charge of interchange fees on the tax amount or gratuity of an electronic payment transaction if the merchant informs the acquirer bank or its designee of the tax or gratuity amount as part of the authorization or settlement process for the electronic payment transaction; establishes penalties.
Sponsors
Sponsors by party (alphabetical): Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jeremy Cooney | Primary sponsor | Democratic/Working Families | Senate | 56 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO CONSUMER PROTECTION
- REFERRED TO CONSUMER PROTECTION