Credit Card Competition Act of 2026
This bill prohibits large card issuers (with over $100 billion in assets) from requiring credit card transactions to process through only one payment network. It allows merchants to direct transactions to any available network and bans restrictions on security technologies that favor specific networks. The Federal Reserve must issue these rules within one year of the bill's enactment. The law applies broadly to credit card processing but excludes certain 3-party payment systems.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
President
Introduced Jan 13, 2026
Last action Jan 13, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 13, 2026
Committee
Referred to the House Committee on Financial Services.
lower
Jan 13, 2026
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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