FMI Applauds President Trump for Endorsement of Credit Card Competition Act

Arlington, VA Today, FMI – The Food Industry Association President and CEO Leslie G. Sarasin issued the following statement in response to President Donald Trump’s TruthSocial post endorsing the bipartisan Credit Card Competition Act sponsored by Senator Roger Marshall (R-KS). 

“FMI is grateful to President Trump for his endorsement of the Credit Card Competition Act to bring commonsense, market-based reform to the nation’s credit card system. For far too long, grocery customers and grocers around the country have been subject to exorbitant credit card swipe fees by the nation’s largest banks and card networks, driving up costs for everyday food purchases. President Trump understands that these runaway credit card swipe fees are harming American consumers and main street businesses. FMI applauds President Trump for his commitment to affordability and enacting the Credit Card Competition Act.” 

About FMI

As the food industry association, FMI works with and on behalf of the entire industry to advance a safer, healthier and more efficient consumer food supply chain. FMI brings together a wide range of members across the value chain — from retailers that sell to consumers, to producers that supply food and other products, as well as the wide variety of companies providing critical services — to amplify the collective work of the industry. www.FMI.org