Credit Card Competition Act of 2026

Hozzl · 2026-02-02T14:58:35Z

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.

2/2/2026, 2:58 PM

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

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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.