12-R102
2012 -- S 2029 AS AMENDED
Enacted 02/16/12
S E N A T E R E
S O L U T I O N
URGING GOVERNOR
CHAFEE TO REQUEST AN IMMEDIATE AUDIT OF JP MORGAN
CHASE REGARDING
DEBIT CARD FEES COLLECTED ON STATE OF
BENEFITS BY JP
MORGAN CHASE
Introduced By: Senators Walaska, and Lynch
Date Introduced: January 11, 2012
WHEREAS, The health, safety, and welfare of the citizens of the State
of
are
matters of paramount importance to the legislature; and
WHEREAS, JP Morgan Chase
provides debit card services for
unemployment,
temporary disability insurance, Child Support, and SNAP (food stamp) benefits;
and
WHEREAS, JP Morgan Chase
is a multi-national corporation with no branches in Rhode
Island; and
WHEREAS, JP Morgan Chase
collects debit card fees from
those
receiving unemployment, temporary disability insurance, Child Support, and SNAP
benefits;
and
WHEREAS,
collected on government benefit funds, fees that are currently
collected entirely by JP Morgan
Chase; and
WHEREAS,
Island economy; and
WHEREAS, The contract to administer the state benefits debit card
program has been
placed out for bid; now, therefore be it
RESOLVED,
That this Senate of the State of
Hereby
respectfully urges Governor Lincoln Chafee, as part
of the bid process, to request an
immediate audit of all debit card fees collected by JP Morgan
Chase per the current contract
between the state and JP Morgan Chase 1 to reveal; and be it
further
RESOLVED,
That this Senate respectfully requests that Governor
Lincoln Chafee use his
authority upon review of the results of the audit to negotiate
the best new contract possible which
shall clearly state all fees to be charged on the card for
temporarily disabled; and be it further
RESOLVED,
That the Secretary of State be and he hereby is
authorized and directed to
transmit a duly certified copy of this resolution to
Governor Lincoln Chafee.
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LC00226
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