An Act regarding credit card surcharging

This bill creates a special commission to study the future of payments in Massachusetts, including topics like credit card fees, mobile payments, and the prevalence of cashless transactions. The commission will be composed of representatives from various government agencies and industry groups, such as banks, retailers, and restaurants, who must hold public hearings to gather input. By March 1, 2024, the group is required to submit a report to the legislature containing its findings and recommendations for updating state laws. Additionally, the bill removes a specific subsection from an existing statute that currently restricts businesses from adding surcharges for credit card use.