CO SB 134
vetoedPayment Card Networks' Fees
Colorado · 2026 Regular Session · upper
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Quick answers
Did CO SB 134 pass?
No. CO SB 134 passed the legislature but was vetoed. Latest recorded action (2026-03-04): Introduced In Senate - Assigned to Business, Labor, & Technology
What is CO SB 134 about?
An interchange fee is a fee established, charged, or received by a payment card network for the purpose of compensating an issuer for its involvement in an electronic payment transaction. The act states that a payment card network shall not, whether directly or indirectly:Establish, charge, or include in a fee schedule an interchange fee if:The interchange fee is or includes a percentage multiplied by the gross dollar amount of a transaction conducted with a debit card or credit card; andThe fee does not exclude from the gross dollar amount of the transaction any amount attributable to a tax on the transaction; orIncrease the rate or amount of fees that apply to the nontax portion of a transaction in an attempt to, or in a manner that would, circumvent the prohibition on interchange fees established by the act. The act exempts electronic payment transactions involving a debit card or credit card issued by a person, or agent of a person, that issues a debit card or credit card to a cardholder (issuer) that:Did not, during any point in the previous calendar year, hold consolidated worldwide banking and nonbanking assets, including assets of affiliates, other than trust assets under management, of more than $60 billion; orAs of February 1, 2026, had contracted to brand the card with the brand of a financial institution chartered or authorized to do business in this state that did not, during any point in the previous calendar year, hold consolidated worldwide banking and nonbanking assets, including assets of affiliates, other than trust assets under management, of more than $60 billion.An issuer that satisfies either of these exemption descriptions must identify to a payment card network all of the issuer's debit cards and credit cards that are used for exempted transactions. The payment card network shall not, whether directly or indirectly through an agent, contract, requirement, condition, penalty, technological specification, or inducement or otherwise:Deny such a card access to transaction processing systems; orImpose any fee increase or penalty on the issuer or on a financial institution branded on the card for any costs of upgrades or configurations to payment and processing systems that may be necessary to comply with the act with respect to such cards. If a payment card network violates the act's prohibitions, a merchant, consumer, or other person that is injured as a result of the violation may bring a civil action against the payment card network. The act sets forth the penalties to be awarded in such an action. For the 2026-27 state fiscal year and each state fiscal year thereafter, the act requires each retail business that has more than 500 employees statewide on the effective date of the act to apply any savings resulting from the act to reducing prices for consumers or investing in employee wages or benefits.(Note: This summary applies to this bill as enacted.)
Who sponsors CO SB 134?
I. Jodeh, M. Weissman, D. Roberts and 13 others are the primary sponsors of CO SB 134, joined by 6 cosponsors.
Description
An interchange fee is a fee established, charged, or received by a payment card network for the purpose of compensating an issuer for its involvement in an electronic payment transaction. The act states that a payment card network shall not, whether directly or indirectly:Establish, charge, or include in a fee schedule an interchange fee if:The interchange fee is or includes a percentage multiplied by the gross dollar amount of a transaction conducted with a debit card or credit card; andThe fee does not exclude from the gross dollar amount of the transaction any amount attributable to a tax on the transaction; orIncrease the rate or amount of fees that apply to the nontax portion of a transaction in an attempt to, or in a manner that would, circumvent the prohibition on interchange fees established by the act. The act exempts electronic payment transactions involving a debit card or credit card issued by a person, or agent of a person, that issues a debit card or credit card to a cardholder (issuer) that:Did not, during any point in the previous calendar year, hold consolidated worldwide banking and nonbanking assets, including assets of affiliates, other than trust assets under management, of more than $60 billion; orAs of February 1, 2026, had contracted to brand the card with the brand of a financial institution chartered or authorized to do business in this state that did not, during any point in the previous calendar year, hold consolidated worldwide banking and nonbanking assets, including assets of affiliates, other than trust assets under management, of more than $60 billion.An issuer that satisfies either of these exemption descriptions must identify to a payment card network all of the issuer's debit cards and credit cards that are used for exempted transactions. The payment card network shall not, whether directly or indirectly through an agent, contract, requirement, condition, penalty, technological specification, or inducement or otherwise:Deny such a card access to transaction processing systems; orImpose any fee increase or penalty on the issuer or on a financial institution branded on the card for any costs of upgrades or configurations to payment and processing systems that may be necessary to comply with the act with respect to such cards. If a payment card network violates the act's prohibitions, a merchant, consumer, or other person that is injured as a result of the violation may bring a civil action against the payment card network. The act sets forth the penalties to be awarded in such an action. For the 2026-27 state fiscal year and each state fiscal year thereafter, the act requires each retail business that has more than 500 employees statewide on the effective date of the act to apply any savings resulting from the act to reducing prices for consumers or investing in employee wages or benefits.(Note: This summary applies to this bill as enacted.)
- Introduced
- 2026-03-04
- Latest action
- 2026-03-04 — Introduced In Senate - Assigned to Business, Labor, & Technology
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- I. Jodehsponsor
- M. Weissmansponsor
- D. Robertssponsor
- J. Amabilesponsor
- J. McCluskiesponsor
- M. Duransponsor
- W. Lindstedtsponsor
- S. Woodrowsponsor
- J. Willfordsponsor
- T. Storysponsor
- L. Smithsponsor
- K. Nguyensponsor
- L. Garcíasponsor
- M. Froelichsponsor
- K. Brownsponsor
- M. Brookssponsor
- E. Sirotacosponsor
- M. Rutinelcosponsor
- K. McCormickcosponsor
- L. Daughertycosponsor
- M. Ballcosponsor
- Y. Zokaiecosponsor
Committees
Not provided by source.
Action timeline
Newest first
2026-06-03
Governor Vetoed
executive-veto
2026-05-22
Signed by the President of the Senate
passage
2026-05-22
Signed by the Speaker of the House
passage
2026-05-22
Sent to the Governor
executive-receipt
2026-05-06
House Third Reading Passed - No Amendments
passage,reading-3
2026-05-05
House Second Reading Special Order - Passed - No Amendments
2026-05-04
House Committee on Finance Refer Unamended to House Committee of the Whole
committee-passage,referral-committee
2026-05-01
Introduced In House - Assigned to Finance
introduction
2026-04-29
Senate Third Reading Passed - No Amendments
passage,reading-3
2026-04-28
Senate Third Reading Laid Over Daily - No Amendments
2026-04-27
Senate Second Reading Passed with Amendments - Floor
reading-2
2026-04-24
Senate Second Reading Laid Over to 04/27/2026 - No Amendments
2026-04-20
Senate Second Reading Laid Over to 04/24/2026 - No Amendments
2026-04-17
Senate Second Reading Laid Over to 04/20/2026 - No Amendments
2026-04-13
Senate Second Reading Laid Over to 04/17/2026 - No Amendments
2026-04-10
Senate Second Reading Laid Over to 04/13/2026 - No Amendments
2026-04-09
Senate Second Reading Laid Over to 04/10/2026 - No Amendments
2026-04-08
Senate Second Reading Laid Over to 04/09/2026 - No Amendments
2026-04-07
Senate Second Reading Laid Over to 04/08/2026 - No Amendments
2026-04-06
Senate Second Reading Laid Over to 04/07/2026 - No Amendments
2026-04-02
Senate Second Reading Laid Over to 04/06/2026 - No Amendments
2026-04-01
Senate Second Reading Laid Over to 04/02/2026 - No Amendments
2026-03-31
Senate Second Reading Laid Over to 04/01/2026 - No Amendments
2026-03-30
Senate Second Reading Laid Over to 03/31/2026 - No Amendments
2026-03-26
Senate Second Reading Laid Over to 03/30/2026 - No Amendments
2026-03-25
Senate Second Reading Laid Over to 03/26/2026 - No Amendments
2026-03-24
Senate Second Reading Laid Over to 03/25/2026 - No Amendments
2026-03-23
Senate Second Reading Laid Over to 03/24/2026 - No Amendments
2026-03-20
Senate Second Reading Laid Over to 03/23/2026 - No Amendments
2026-03-19
Senate Second Reading Laid Over to 03/20/2026 - No Amendments
2026-03-18
Senate Second Reading Laid Over to 03/19/2026 - No Amendments
2026-03-17
Senate Second Reading Laid Over to 03/18/2026 - No Amendments
2026-03-16
Senate Second Reading Laid Over to 03/17/2026 - No Amendments
2026-03-12
Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the Whole
committee-passage,referral-committee
2026-03-04
Introduced In Senate - Assigned to Business, Labor, & Technology
introduction
Versions
Documents
Votes
Adopt amendment L.001
2026-03-12 · fail · 0-0
Member-level votes (5)
- Marc Catlin: yes
- Iman Jodeh: no
- Larry Liston: yes
- William Lindstedt: no
- Jessie Danielson: no
Adopt amendment L.002
2026-03-12 · fail · 0-0
Member-level votes (5)
- Marc Catlin: yes
- Iman Jodeh: no
- Larry Liston: yes
- William Lindstedt: no
- Jessie Danielson: no
Refer Senate Bill 26-134 to the Committee of the Whole.
2026-03-12 · pass · 0-0
Member-level votes (5)
- Marc Catlin: no
- Iman Jodeh: yes
- Larry Liston: no
- William Lindstedt: yes
- Jessie Danielson: yes
Refer Senate Bill 26-134 to the Committee of the Whole.
2026-05-04 · pass · 0-0
Member-level votes (11)
- Max Brooks: yes
- Sean Camacho: no
- Ken DeGraaf: no
- Lorena Garcia: yes
- Ryan Gonzalez: yes
- Anthony Hartsook: no
- Bob Marshall: no
- Rebekah Stewart: yes
- Yara Zokaie: yes
- Brianna Titone: yes
- Steven Woodrow: yes
BILL
2026-05-06 · pass · 0-0
Member-level votes (65)
- Bacon: yes
- Barron: no
- Boesenecker: yes
- Bottoms: excused
- Bradfield: no
- Bradley: yes
- Brooks: yes
- Brown: yes
- Caldwell: no
- Camacho: no
- Carter: no
- Clifford: yes
- DeGraaf: no
- Duran: yes
- English: yes
- Espenoza: no
- Feret: yes
- Flanell: no
- Froelich: yes
- Garcia: yes
- Garcia Sander: no
- Gilchrist: yes
- Goldstein: yes
- Gonzalez R.: yes
- Hamrick: yes
- Hartsook: no
- Jackson: yes
- Johnson: no
- Joseph: yes
- Keltie: no
- Lieder: yes
- Lindsay: yes
- Luck: no
- Lukens: yes
- Mabrey: yes
- Marshall: no
- Martinez: yes
- Mauro: yes
- McCormick: yes
- Nguyen: yes
- Paschal: yes
- Phillips: yes
- Richardson: no
- Ricks: no
- Rutinel: yes
- Rydin: yes
- Sirota: yes
- Slaugh: no
- Smith: yes
- Soper: no
- Stewart K.: yes
- Stewart R.: yes
- Story: yes
- Suckla: yes
- Taggart: yes
- Titone: yes
- Valdez: yes
- Velasco: yes
- Weinberg: yes
- Willford: yes
- Winter T.: no
- Woodrow: yes
- Woog: no
- Zokaie: yes
- McCluskie: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_api_sync, retrieved 2026-08-08T01:57:41.193191Z
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