On January 13, Congress reintroduced the bipartisan Credit Card Competition Act (CCCA), which would force giant credit card companies to compete for business.
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.
The reintroduction comes after President Trump posted his support for the Credit Card Competition Act: “Everyone should support great Republican Senator Roger Marshall’s Credit Card Competition Act, in order to stop the out of control Swipe Fee ripoff,” the President shared on social media.
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.”
“The convenience store industry is deeply appreciative of the unwavering leadership of Senators Marshall and Durbin and Representatives Gooden and Lofgren as they reintroduce the Credit Card Competition Act,” stated Anna Ready Blom, strategic advisor to NACS. “Swipe fees drive up the cost of every good and service in the United States and it is time for Congress to pass this critical piece of legislation.”
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.
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.