Contact Congress about H.R. 7035: Credit Card Competition Act of 2026

Stores could choose from more allowed networks when routing many credit card payments. Very large card issuers and card networks could not lock a card into only one network or punish stores for lawful routing choices.

Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Credit Card Competition Act of 2026 is a House bill in committee. The latest recorded action: Referred to the House Committee on Financial Services.

Latest action on H.R. 7035: Referred to the House Committee on Financial Services.

Who this affects: This bill mainly affects large banks and other major card issuers, payment card networks, and merchants that accept credit cards. Large issuers and networks would need to support more routing choices. Merchants would get more say over which allowed network handles a payment. Smaller issuers and three-party card systems would not face the same new rules.

Why this matters: Credit card payments often run through networks chosen by card issuers and card networks, not by the store. This bill could give stores more routing power and force large issuers to support more than one network option. That could change fees and business deals in the payments market. The bill could also steer U.S. payment routing away from networks tied to foreign governments or listed as security risks.

Key provisions in H.R. 7035

• The bill applies to covered card issuers. That means issuers with more than $100 billion in assets, plus their affiliates.
• The Federal Reserve must write new rules for credit card network competition and payment routing. It must do this within one year after the bill becomes law.
• Very large issuers and payment card networks could not lock a credit card into only one network. They also could not limit it to a closed group of related networks, when the bill's conditions apply.
• The Federal Reserve must check over time whether the two biggest credit card networks by market share have changed. Once they have changed, a rule that could otherwise favor those two networks stops applying.
• Merchants could choose which eligible network handles each electronic credit card transaction. The chosen network must not be on the Federal Reserve's national security risk list.

How Modern Action helps you take action on H.R. 7035

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 7035

What is H.R. 7035?

Stores could choose from more allowed networks when routing many credit card payments. Very large card issuers and card networks could not lock a card into only one network or punish stores for lawful routing choices.

How do I support or oppose H.R. 7035?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 7035?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 7035 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.