Increase competition in the credit card processing market by requiring large banks to offer merchants more than one network option for transactions.
One policy goal, tracked across every bill that has carried it.
What’s happening with Credit Card Competition Act of 2026?
The Credit Card Competition Act of 2026, known as H.R. 7035, has remained in the House Committee on Financial Services since January 12, 2026. Committee members must hold a vote to move the bill forward, but the primary constraint is that most bills never receive a committee vote. This lack of action is the standard way most legislation ends in Congress.
Updated July 9, 2026 · Generated by AI. Always verify with official sources.
Where it stands
Now carried by Credit Card Competition Act of 2026 (H.R. 7035 (119th)) →
Legislative Progress
Next up: A house committee · Nothing moves until they act.
How we got here
Every bill that has carried this goal, oldest first.
Died with Congress · Jan 3, 2025
Died when the 118th Congress ended without final passage. Bills must be reintroduced under a new number to be revived.
Reintroduced · Jan 3, 2025
Reintroduced from H.R. 3881 (118th), which died when its Congress ended.
H.R. 3881 (118th) →
Vehicles
Who’s behind it
Lance Gooden (R-TX)Wrote and sponsored the current bill.