Urge Lawmakers to Cosponsor “The Credit Card Competition Act”

Recently, Senators Richard Durbin (D-IL), Roger Marshall (R-KS), Peter Welch (D-VT) and J.D. Vance (R-OH) and Representatives Lance Gooden (R-TX), Zoe Lofgren (D-CA), Tom Tiffany (R-WI) and Jeff Van Drew (R-NJ) introduced the bipartisan “The Credit Card Competition Act of 2023” (S.1838; H.R. 3881). The legislation, which was introduced in the U.S. House and Senate, would simply require that credit cards issued by the largest U.S. banks have at least two unaffiliated card payment networks available to process transactions.

The PPA supports this legislation and has worked with National Association of Convenience Stores (NACS), Energy Marketers of America (EMA), and the Merchants Payments Coalition (MPC) to support the federal legislative proposes in the past. The PPA encourages members to contact their member of Congress in support of the Credit Card Competition Act by using the NACS Grassroots Portal or the EMA Legislative Action Center.