Trump backs Credit Card Competition Act, reviving the swipe-fee threat to Visa

On January 13, 2026, President Trump urged support for the Credit Card Competition Act and called card swipe fees an "out of control" ripoff. The bill was reintroduced the same day, with Senate sponsors Roger Marshall and Dick Durbin and House sponsors Lance Gooden and Zoe Lofgren. The bill aims to give merchants a choice of routing networks beyond Visa and Mastercard, which makes it a policy risk for the network business.

• Trump's January 13 social media post urged support for the bill
• Senate sponsors: Roger Marshall (R-KS) and Dick Durbin (D-IL)
• House sponsors: Lance Gooden (R-TX) and Zoe Lofgren (D-CA)