Government Relations - Electronic Transactions Association

ETA works with Congressional offices and committees to represent our members' interests and to make sure that those interests receive a full and fair consideration in the development of legislation that affects the payments industry. We also engage, through outreach and education, the executive branch agencies and policymakers whose decisions often affect our members and the way they do business.

ETA Raises Concern Over IRS Reporting Provision

The Electronic Transactions Association has expressed concern over a provision in the White House fiscal 2008 budget that would require merchant acquiring banks to report aggregate credit and debit card reimbursements made to merchants.

In a letter to the House Ways and Means Subcommittee on Oversight, which recently held hearings on the budget proposal, ETA urged committee members to carefully "consider the effect the new reporting requirement would have on merchant acquiring banks, small businesses, and individual consumers.

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Electronic Transactions Association
1101 16th Street NW Washington, DC 20036
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