The president of the American Bankers Association says the legislation "changes the entire business model of credit cards."

VOA: special.2009.05.22

Kassoy also discussed some of the noteworthy differences between the Benefit Corporation model legislation and the Delaware law.

FORBES: What Will Be the Identity of the First Delaware Benefit Corporation?

Along those lines, the American Legislative Exchange Council, an organization of nearly 2, 000 conservative state legislators, earlier this year adopted model legislation drafted by the American Principles Project that caps pension payouts at the private sector median.

FORBES: Surprise, Surprise: Pension Cuts Are Legal

Instead the strategy is to roll EPR out in a few states, fine tune those programs so that other states have a model, and then watch the legislation spread, as it has in the case of other products.

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