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 proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI foundation, visit www.fmifoundation.org.
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