89th General Assembly · Iowa Funnel one-pager · Tuesday, November 10, 2026
HF 627: Relating to interchange fees charged by card issuers
Died when the session ended · The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.
What it does
This bill relates to interchange fees charged by card issuers. The bill authorizes a card issuer to charge an interchange fee in conjunction with a transaction pursuant to a credit card that is a percentage of the total value of the goods or services purchased by a cardholder, excluding taxes, plus all amounts paid by the cardholder pursuant to Code chapter 455C (beverage containers control). The bill defines “interchange fee” as any fee established, charged, or received by a card issuer for the purpose of compensating the card issuer for its involvement in the transaction pursuant to a credit card.
Sponsors
Not listed
Cost
No fiscal note
House subcommittee · named February 23, 2021
- Rep. Brian K. Lohse (R) · brian.lohse@legis.iowa.gov
- Rep. Eddie Andrews (R) · eddie.andrews@legis.iowa.gov
- Rep. Charlie McConkey (D)
Lobbying · 5 for, 6 against
For: Fareway Stores, Inc.; Iowa Grocery Industry Association; Iowa Restaurant Association; Iowa Retail Federation; KWIK Trip, Inc.
Against: American Express Travel Related Services, Inc.; Community Bankers of Iowa; ITS, Inc. & SHAZAM, Inc.; Iowa Bankers Association; Iowa Credit Union League; Wells Fargo & Company
In plain words
- February 22, 2021Filed in the House and sent to the Commerce committee
- February 23, 2021House subcommittee named: Lohse, Andrews and McConkey
From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Tuesday, November 10, 2026. https://iowafunnel.com/bills/89/HF627