Secondly, the bill will more immediately reduce merchant service fees in the MasterCard and Visa credit and debit networks. It does this through an initial pricing standard that will cap the interchange fees in these networks six months after the bill has passed. I will note now, we thank some of the work that the select committee did on ensuring that that particular effect happens in the right way. Interchange fees are the largest component of merchant service fees and therefore have the opportunity to make the most material difference to the regime in the first instance. Those savings, of course, will benefit merchants and then may well be passed on to consumers. But it's particularly important for those smaller merchants who don't have the leverage and also those who rely on credit card or online sales.