President Trump, on January 13, posted his support for the Credit Card Competition Act (CCCA). “Everyone should support great Republican Senator Roger Marshall’s Credit Card Competition Act, in order to stop the out of control Swipe Fee ripoff. Roger is a FANTASTIC Senator!!! President DJT,” the President posted on social media.

Later that day, Congress reintroduced the bipartisan Credit Card Competition Act (CCCA). The bill was reintroduced by Senators Roger Marshall (R-KS) and Dick Durbin (D-IL) in the Senate, and by Representatives Lance Gooden (R-TX) and Zoe Lofgren (D-CA) in the House.  

NACS has long encouraged passing the CCCA and responded to the President’s post on X: “Thank you, Mr. President, for supporting Main Street and its customers. We now need Congress to pass the Credit Card Competition Act.”

Those endorsements come in addition to support from almost 2,000 companies and nearly 300 trade associations as well as a broad group of consumer, labor and pro-competition organizations.

Credit and debit card swipe fees—which have risen 70% since the pandemic and reached a record $187.2 billion in 2024—are most merchants’ highest operating cost after labor. The fees are far too high to absorb, especially for small merchants, and drive up consumer prices by nearly $1,200 a year for the average family. Swipe fees paid in each state and the amount that would be saved under the CCCA are available here.

Visa and Mastercard, which control 80% of the market, each centrally set the swipe fees charged by banks that issue cards under their brands, and also block transactions from being processed over other networks that could do the job with lower fees and better security. The legislation would require banks with at least $100 billion in assets to enable cards they issue to be processed over at least two unaffiliated networks—Visa or Mastercard plus a competitor like NYCE, Star or Shazam.

Don’t miss your opportunity to make sure your voice is heard. Join NACS for the upcoming Day on the Hill March 17-18 in Washington, D.C. You can also send emails to your lawmakers voicing your support for the CCCA through our Call to Action portal. The more industry voices that speak out on the issue, the more it increases the likelihood of finally getting a vote and winning that vote. Your participation matters and makes all the difference.  

NACS will continue to advocate for the passage of the CCCA and will provide updates as they become available.