When talking about legislation at the federal, state or local level, victories can be fleeting and the old adage about not counting your chickens until they hatch comes into play. Such is the case currently with the Financial CHOICE Act of 2017 in the US House of Representatives. On Wednesday evening, House Republican leadership agreed to drop repeal of the Durbin Amendment (which reduced the cap on swipe/interchange fees from 40 cents to 21 cents per transaction) from the Financial CHOICE Act. The CHOICE Act repeals many provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). Last week, DDIFO along with a number of other member organizations of the Coalition of Franchisee Associations (CFA), asked members to contact Congress and urge them to retain the Durbin Amendment against a heavy push by the big banks. Your efforts are working and at this point it appears that Durbin will remain in effect, but please continue to urge your representatives in Congress to protect your interests and preserve the Durbin amendment.