Credit Card Competition Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 6
- Latest action
- Jan 13, 2026
What it does
The Credit Card Competition Act of 2026 would amend the Electronic Fund Transfer Act to require the Federal Reserve Board to issue regulations preventing large card issuers and payment networks from restricting credit card transactions to only one or two networks, thereby promoting competition in payment processing. It would prohibit issuers and networks from imposing routing restrictions, penalties, or technology requirements that limit merchants’ ability to choose how transactions are processed, except for cards issued under a 3-party payment system model. The bill also mandates the creation and biennial updating of a public list of payment card networks deemed national security risks,…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.