Credit Card Competition Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 9
- Latest action
- Jan 13, 2026
What it does
The Credit Card Competition Act of 2026 would require the Federal Reserve Board to issue regulations preventing large credit card issuers and payment networks from restricting consumers or merchants to using only one or two dominant networks for processing credit card transactions. It would prohibit exclusive network arrangements and routing restrictions that limit competition, while allowing exceptions for cards issued under a three-party payment system model. The bill also mandates the creation and periodic updating of a public list of payment card networks deemed national security risks, and defines key terms such as “covered card issuer” (those with over $100 billion in assets) and…
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.