S. 3623: Credit Card Competition Act of 2026

S. 3623 is a federal bill in the 119th Congress. Before this bill, large credit card companies could restrict a credit card to a single payment network, meaning merchants had no choice in how transactions were routed. Under the new rules, credit card issuers with over $100 billion in assets must allow… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.