Colorado Governor Vetoes Payments Bill; Industry Association Expresses Support
Colorado Governor Jared Polis vetoed SB 26-134, a bill previously viewed as potentially disrupting electronic payment systems and increasing costs for small businesses. The Electronic Transactions Association supported the decision, saying it protected payment-system stability and small-business interests.
What are the key facts?
- 1Colorado Governor Jared Polis vetoed SB 26-134
- 2Electronic Transactions Association (ETA) welcomed the decision
- 3The bill had addressed restrictions on electronic payments
What happened?
Colorado Governor Jared Polis vetoed SB 26-134. Electronic Transactions Association (ETA) CEO Jodie Kelley said the veto protected the payment systems on which consumers and small businesses rely and avoided the implementation of policies that could have increased costs.
What does this mean for cross-border sellers?
Changes in payment policy directly affect sellers’ operating costs. Sellers should continue monitoring state-level legislation on electronic payments to mitigate potential compliance and cost risks.