ARLINGTON, VA — June 29, 2010 — The Food Marketing Institute (FMI) issued a radio advertisement today pressing the U.S. House of Representatives and the Senate to approve legislation that includes language to regulate interchange swipe fees by banks and credit card companies. Congressional votes on the Wall Street Reform Bill are expected in the coming days.
“Swipe fee reform is a critical issue to our members and one that FMI has championed for 12 years,” said Leslie G. Sarasin, president and chief executive officer at FMI. “Because of its importance, we are urging that Congress pass the Wall Street reform bill containing this important provision. It is the right thing to do and it keeps small businesses in business and helps consumers.”
The radio advertisement can be heard on WTOP radio in Washington, DC.
Food Marketing Institute (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its nearly 1,250 food retail and wholesale member companies in the United States and around the world. FMI’s U.S. members operate more than 25,000 retail food stores and almost 22,000 pharmacies with a combined annual sales volume of nearly $650 billion. FMI’s retail membership is composed of large multi-store chains, regional firms and independent operators. Its international membership includes 126 companies from more than 65 countries. FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members.
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