b'Chase,andBankofAmericapro- offerthemerchantachoiceoftwonetworks,anditwouldenablein-vide the credit card. Networkslikeor more networks (at least one othernovators to gain a foothold in credit VisaandMastercardfacilitatethan Visa or Mastercard) over whichcards.Bringingrealcompetition thebehind-the-sceneselementsofthe electronic credit transaction maytocreditcardnetworkswillhelp transactions,likeroutingthemon- beprocessed.Arguably,thiswouldreduceswipefeesandholddown eysecurely.AmericanExpressandintroduce more competition into thecosts for Main Street merchants and Discover are unique because they aresystem, which might lead to smallertheir customers.both issuers and networks. fees for the merchant.Congressman Gooden stated, Large AbusinesspaysfeestobothcreditWhenhefirstintroducedhisbill,creditcardfirmshaveconsistently card issuers and networks every timeSenatorDurbinsaid,Creditcarddemonstrated prioritizing self-interest a customer swipes a credit card. In- swipefeesinflatethepricesthatoverourconstituents.TheCredit tercharge (swipe) fees go to the creditconsumers pay for groceries and gas.CardCompetitionActservesto card issuer, while network fees pay theItstimetoinjectrealcompetitionaddress this imbalance and restore a network. The average credit card pro- into the credit card network market,healthy, competitive free market that cessing fee ranges from 1.5 percent towhich is dominated by the Visa-Mas- operates in the interest of consumers. 3.5 percent of each transaction. tercardduopoly.Thislegislation, which builds upon pro-competitionThePVABoardofDirectorswill ThelegislationwouldrequireareformsCongressenactedin2010,soondiscussthepossibilityofthe largecredit-cardissuingbank(onewould give small businesses a mean- Passenger Vessel Association endors-withover$100billioninassets)toingful choice when it comes to carding passage of the legislation.RefitandRepairDelivered October 2022NEEBISH ISLANDER IIIQuality Commercial Vessels.Built by Burger to Your RequirementsBurger is recognized worldwide for quality custom vessels that provide years of dependable service.Aluminum and Steel Fabrication Refit and Repair Services Passenger Vessels- Hull Plate Replacement +1 920.686.5117Water Taxis- Exterior and Interior Coatings sales@burgerboat.com Wind Farm Support Vessels- Engine and Generator RepowersVessel Christening burgerboatcommercial.com92 Steel Car Ferry Crew Supply Vessels- All Vessel System Repairs Other Vessels to 260 (80m) - Interior Refresh Proudly built in the USA27 JUNE 2023'