S 3623
Credit Card Competition Act of 2026
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:37 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Credit Card Competition Act of 2026 aims to increase competition in the credit card industry by requiring the Federal Reserve to regulate how card issuers and networks handle electronic transactions. Specifically, it prohibits card issuers from limiting the number of payment networks a credit card can use and restricts them from imposing penalties on merchants for routing transactions to different networks. The bill also establishes a process for identifying payment card networks posing national security risks and requires the Board to periodically review network competition.
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