Contact Congress about S. 3623: Credit Card Competition Act of 2026

Stores would get more choice over which network handles many credit card payments. The bill targets very large card issuers and tells the Federal Reserve to write and enforce the rules.

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 Senate bill in committee. The latest recorded action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Latest action on S. 3623: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who this affects: This bill mainly affects large credit card issuers, payment networks, and stores that accept credit cards. It could change how card payments are routed after a customer pays. It may also matter to shoppers, but the bill does not state whether prices, rewards, or card benefits would change.

Why this matters: Credit card payments often depend on networks chosen before the customer ever pays. This bill would give stores more say in that process for many cards. It could affect fees, payment technology, and network competition. The bill does not say whether consumers would pay less or lose card rewards.

Key provisions in S. 3623

• The bill applies only to very large card issuers. It covers issuers whose assets, counted with related companies, are more than $100 billion.
• The Federal Reserve must write the rules within one year after the bill becomes law. The rules must stop covered credit cards from being locked into one network or too few network choices.
• Covered credit cards could not be limited to one network. They also could not be limited only to related networks, restricted networks, or only the two largest networks after a later Federal Reserve review.
• The Federal Reserve must check the market at least every three years. If the two largest networks have changed, the special rule for the old top two ends.
• Stores must be able to choose any allowed network for a payment. The network cannot be on the Federal Reserve's restricted list.

How Modern Action helps you take action on S. 3623

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 S. 3623

What is S. 3623?

Stores would get more choice over which network handles many credit card payments. The bill targets very large card issuers and tells the Federal Reserve to write and enforce the rules.

How do I support or oppose S. 3623?

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 S. 3623?

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

Can Modern Action explain S. 3623 before I act?

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