Senate Said to Be Nearing Bill to Delay ‘Swipe’ Fee Rules

A bipartisan group of U.S. senators is drafting legislation to delay debit-card “swipe” fee rules that banks say would cost them billions of dollars, according to two Senate aides with knowledge of the plan.

Senators Jon Tester of Montana and Tom Carper of Delaware, both Democrats, are working on the bill’s language with Senator Bob Corker, a Tennessee Republican, according to the two aides who requested anonymity because the talks aren’t public.