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Credit Card Competition Act of 2026
2/10/2026, 9:05 AM
Summary of Bill HR 7035
The Credit Card Competition Act of 2026, designated as H.R. 7035 in the 119th Congress and introduced on January 13, 2026, aims to enhance competition in the credit card industry. Specific provisions and directives within the bill are not provided in the context. The bill can be accessed in various formats including a PDF version at https://www.congress.gov/119/bills/hr7035/BILLS-119hr7035ih.pdf.
Read the Full Bill
Current Status of Bill HR 7035
Bill HR 7035 is currently in the status of Bill Introduced since January 13, 2026. Bill HR 7035 was introduced during Congress 119 and was introduced to the House on January 13, 2026. Bill HR 7035's most recent activity was Referred to the House Committee on Financial Services. as of January 13, 2026
Bipartisan Support of Bill HR 7035
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
14Democrat Cosponsors
7Republican Cosponsors
7Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7035
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 7035
To amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes.
To amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes.
Comments
Ayla Boykin
29,994
9 days ago
This bill is a total disaster! It's gonna mess everything up for us regular folks just trying to make ends meet. I can't believe they're even considering passing this garbage. It's gonna make things so much harder for people like me who are just trying to get by. I can't believe they're trying to push this through without even thinking about how it's gonna affect us. It's a total joke!
Sponsors and Cosponsors of HR 7035
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