What is the current status of HR 7035?

HR 7035 is currently: Introduced.

Who sponsored HR 7035?

HR 7035 was sponsored by Lance Gooden (R), Rep.

Credit Card Competition Bill

IntroducedJanuary 13, 2026

Introduced9 months ago

Intro

House

Senate

Pres

Introduced in House

Why This Matters

The Credit Card Competition Act of 2026 aims to boost competition in credit card transactions by preventing companies from restricting payment networks. This could lead to better choices and lower costs for consumers.

If you use a credit card, you may have more options and potentially lower fees in the future.

Who this affects

Credit card consumers

What changes is this bill making?

1This bill requires the Federal Reserve to create rules for credit card transaction networks.
2It prevents credit card companies from limiting which networks can process transactions.
3The bill aims to increase competition among credit card networks.
4It mandates regular reviews to ensure fair competition in the credit card market.

Last changed 5 months ago · checked hourly

Credit Card Competition Bill

IntroducedJanuary 13, 2026

Introduced9 months ago

Intro

House

Senate

Pres

Introduced in House

Why This Matters

If you use a credit card, you may have more options and potentially lower fees in the future.

Who this affects

Credit card consumers

What changes is this bill making?

1This bill requires the Federal Reserve to create rules for credit card transaction networks.
2It prevents credit card companies from limiting which networks can process transactions.
3The bill aims to increase competition among credit card networks.
4It mandates regular reviews to ensure fair competition in the credit card market.

Last changed 5 months ago · checked hourly