Credit Card Competition Act of 2026

This bill would require the Federal Reserve Board to write rules within one year so that large credit card issuers (those with over $100 billion in assets, with affiliates) cannot limit their credit cards to processing on only one payment network, or only on the two largest networks. Businesses that accept credit cards could choose which eligible network processes a transaction, and issuers and networks could not penalize them for that choice. The Board, working with the Treasury Secretary, would keep a public list of networks that pose a national security risk or are owned or sponsored by a foreign state, and those networks would not count as options. The rules would not apply to cards issued by a company that also runs the card's network, and the Consumer Financial Protection Bureau would not enforce this section.

Full text and official record on Congress.gov

Sponsors

• Roger Marshall Republican sponsor
• 5 cosponsors