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- S.4674
S.4674: Credit Card Competition Act of 2022
About This Bill
- Introduced July 28, 2022
- Latest Major Action July 28, 2022
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - July 28, 2022
Bill Summary
Credit Card Competition Act of 2022 This bill addresses network access and competition in electronic credit transactions. The bill generally prohibits credit card issuers from restricting the number of payment card networks on which an electronic credit transaction may be processed. Specifically, the Board of Governors of the Federal Reserve System must prohibit certain credit card issuers with assets of over $100 billion from restricting...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 28, 2022 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| July 28, 2022 |
Introduced in the Senate by Richard J. Durbin (D-Ill.) |