# 119-s-3623: Credit Card Competition Act of 2026

119-s-3623, Credit Card Competition Act of 2026, is a 119th Congress bill sponsored by Sen. Marshall, Roger [R-KS] (R-KS); status introduced; PRIA reads it as touching household money (as of 2026-08-12).

- Canonical: https://policyrisk.com/legislation/119-s-3623
- As of: 2026-08-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3623
- Congress: 119
- Title: Credit Card Competition Act of 2026
- Status: introduced
- Introduced: 2026-01-13
- Sponsor: Sen. Marshall, Roger [R-KS] (R-KS)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-12

## Summary

**Promote competition in credit card networks** by forcing the Federal Reserve Board to write rules that ban exclusive network arrangements and routing limits for many credit cards. It would also require public transparency about networks tied to foreign state entities and carve out traditional three‑party card systems. - Large card issuers. Card issuers with more than $100 billion in assets would be barred from forcing exclusive use of a single network or penalizing routing choices. The Fed's rules would take effect 180 days after each final rule. - Merchants and cardholders. Checkouts could offer more routing choices and networks could not block competitors by requiring security technologies not usable by all networks. - National security and oversight. The Fed must publish and update at least every 2 years a public list of payment networks tied to foreign states or national security risks. The Consumer Financial Protection Bureau would not enforce these rules.

## Cosponsors (5)

- Sen. Durbin, Richard J. [D-IL] (D-IL), 2026-01-13T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-01-13T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2026-08-07T00:00:00.000Z
- Sen. Lummis, Cynthia M. [R-WY] (R-WY), 2026-08-07T00:00:00.000Z
- Sen. King, Angus S., Jr. [I-ME] (I-ME), 2026-08-07T00:00:00.000Z

## Provisions PRIA read

- More competition for credit card networks: mixed, high. If enacted, the bill would require the Federal Reserve Board to write rules within 1 year on credit card routing. The rules would bar covered issuers from forcing a card to use only one network. A "covered card issuer" would mean firms with more than $100 billion in assets. The Fed would publish a…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.

## Sources
- [119-s-3623 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3623)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3623 (as of 2026-08-12).