❌ SB337
Require disclosure of credit card surcharges
Current Status: Introduced In Senate
Summary
The bill requires suppliers to provide prominent, written disclosure of any fees or surcharges associated with using a credit card during consumer transactions. Failure to comply is deemed an unfair and deceptive practice, allowing for enforcement by the attorney general and remedies for consumers. The definitions of 'consumer', 'consumer transaction', and 'supplier' align with existing Ohio law.
Rationale
The bill imposes a requirement on suppliers that may be seen as a form of government regulation, which conflicts with the LP and LPO principles of minimal government intervention and free market operations. However, it does not directly infringe on individual rights or property rights, leading to a mixed alignment score.
Risks and Concerns
- Increased government regulation on businesses
- Potential for unintended consequences in market dynamics
- Administrative burden on suppliers