# Trump Pushes Credit Card Competition Act

> Trump urges Congress to pass bill requiring major banks to support two card networks.
- Title: Trump Pushes Credit Card Competition Act · Pymnts | Shortify
- Summary: Trump urges Congress to pass bill requiring major banks to support two card networks. Trump pushes Congress to pass Credit Card Competition Act to reduce…
- Keywords: credit card competition act, president trump, congress, wall street, swipe fees, households, business, finance, Trump, Pushes, Credit, Card
- Source: Pymnts — https://pymnts.com/legal/2026/trump-urges-congress-to-pass-credit-card-competition-act
- Author: PYMNTS
- Published: 2026-10-09T22:31:11+00:00
- Read time: 1 min
- Topics: credit card competition act, president trump, congress, wall street, swipe fees, households, business, finance
## Trump urges bill
President Trump continues to urge Congress to pass the Credit Card Competition Act.
## Bill requires two networks
The bill would require any card issued by major banks to support at least two card networks.
## White House statement
White House spokeswoman Taylor Rogers said President Trump wants to save American families from hidden swipe fees costing $1,200 a year.
## Senator Marshall supports
Senator Roger Marshall shared a link to the WSJ report saying the bill lowers cost of living for every American on every purchase.
## Key takeaway

Trump pushes Congress to pass Credit Card Competition Act to reduce swipe fees costing households $1,200 annually.