A U.S. appeals court has overturned last July’s district court ruling that the Federal Reserve improperly inflated the fees banks and card companies are allowed to charge retailers when their customers swipe debit cards. The fees are currently set at $0.21 per transaction plus $0.01–$0.03 more to cover fraud prevention and other adjustments.
The U.S. House of Representatives passed H.R. 1459, the “Ensuring Public Involvement in the Creation of National Monuments Act.” Introduced by Rep. Rob Bishop (R-UT) and supported by SEMA, the bill would require a National Environmental Policy Act (NEPA) study for any national monument designations more than 5,000 acres.
Several pro-hobby bills introduced in West Virginia in 2014 failed to be approved by both houses of the legislature prior to the adjournment of the session.
Legislation (H.B. 2362) in the Washington State House of Representatives to require the issuance of only a single license plate for vehicles that do not include a front mounting bracket died when the legislature adjourned for the year.
Legislation (H.B. 1220) to prohibit a person from selling or offering for sale gasoline that contains corn-based ethanol as an additive at a level greater than 10% was amended and approved by the New Hampshire House Science, Technology and Energy Committee.
A bill, supported by SEMA, to exempt collectible vehicles of any age from emissions testing was approved by the Senate Transportation Committee. Having already been approved by the House, the bill now moves to the Senate floor for a vote by all members.
Legislation to allow counties to exempt owners of antique motor vehicles from the privilege tax was approved by the Tennessee House and Senate.
Legislation to amend the state’s current law defining historical motor vehicles to permit their use on public roads to and from a location where maintenance is performed was signed into law by Governor John Kasich.
The U.S. Environmental Protection Agency (EPA) has issued tougher tailpipe and evaporative emissions standards known as “Tier 3.” Reduced tailpipe emissions standards for particulate matter, non-methane organic gases and nitrogen oxides will be phased-in between 2017 and 2025, and the useful life period will be raised from 120,000 miles to 150,000 miles.