The Petroleum Marketers Association of America’s (PMAA) annual “Day on the Hill” coincided with several administrative and legislative developments:
Debit Swipe Fees Victory: A proposal to repeal debit swipe fee reform, which PMAA and other trade organizations strongly opposed, was scrapped. Debit swipe fee reform protects marketers from absorbing inflated swipe fees issued by banks.
Proposed Budget Cuts: Funding to the U.S. EPA would be reduced by 31%, including a 44% reduction in money to the Office of Underground Storage Tanks (OUST). This could cause states to pass on costs resulting from funding shortfalls. The proposal also eliminates the Low-Income Home Energy Assistance Program (LIHEAP) and the Weatherization Assistance Program (WAP). PMAA discussed the vital role of these two programs during its Day on the Hill.