Credit Card Competition Act (2022)

Issue: Banking Fairness

Latest Action: Failed on January 3, 2023

The bill generally prohibits credit card issuers from restricting the number of payment card networks on which an electronic credit transaction may be processed. Supporters believe that this would increase competition and lower interchange fees for merchants.

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Read the Bill: US S.4674 US HR.8874
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Bill Status
  • Introduced
  • Passed First Committee
  • Passed First Chamber
  • Passed Both Committees
  • Passed Both Chambers
  • Signed
  • Enacted
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