January 13, 2026
WASHINGTON – Today, the bipartisan, bicameral Credit Card Competition Act (CCCA) was reintroduced. The legislation reins in Wall Street’s exploitation of American small businesses and consumers through excessive credit card swipe fees.
For years, Visa and Mastercard have maintained a duopoly over the credit card market, using this control to drive up swipe fees—costs that are ultimately passed on to families at the checkout counter and small businesses struggling to stay afloat.
The CCCA addresses this by requiring the largest banks, those with over $100 billion in assets, to facilitate a second competitive network on each card, promoting competition and reducing the high swipe fees burdening American families and businesses.
The introduction comes in light of President Trump’s endorsement of the CCCA on Truth Social last night amid a rush to endorse more affordability focused policy ahead of the mid-term election season. The shift is an opportunity to move pro-competition legislation through the Congress.
Additionally, the CCCA:
- Safeguards U.S. payment systems by preventing foreign government-backed or national security-risk networks from qualifying as approved routing options on credit cards.
- Strengthens cybersecurity resilience by ensuring a backup payment network in the event Visa or Mastercard experiences a cyberattack.
The bills sponsors are Congressman Lance Gooden (TX-05) and Congresswoman Zoe Lofgren (CA-18). Senators Roger Marshall (R-KS) and Dick Durbin (D-IL) are leading the Senate companion of the bill.
Contact your representatives and urge them to support the Credit Card Competition Act (CCCA).
CONTACT – Senator Bernie Moreno
Find your Representative in the U.S. House
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