Credit Card Competition Act of 2026

Hozzl · 2026-02-10T09:05:43Z

Explore the details of House Bill 7035 Credit Card Competition Act of 2026 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7035

Primary Policy Focus

Finance and Financial Sector

Alternate 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.

Comments

Milan Robertson

783

2 months ago

As a 43-year-old female from VA who identifies as a Democrat, I fully support the United States HR Bill 7035 Credit Card Competition Act of 2026. This bill aims to increase competition in the credit card industry, which can lead to lower interest rates and better terms for consumers like myself. By promoting competition among credit card companies, this bill can help me save money and make more informed decisions when it comes to managing my finances. I believe that this legislation is a step in the right direction towards creating a fairer and more transparent credit card market for all Americans.

Daleyza Roth

720

1 month ago

I don't know much about this bill, but I think it's good for competition. It will help consumers like me have more options when it comes to credit cards. I'm not sure how exactly it will work, but I'm all for anything that gives me more choices. People like me who rely on credit cards for everyday purchases will benefit from this bill.