3.0.0 3881 2025-12-05T09:11:10Z 2025-12-05T09:11:10Z House H HR 2023-06-07 118 https://www.congress.gov/bill/118th-congress/house-bill/3881 <pre>[Congressional Record Volume 169, Number 99 (Wednesday, June 7, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. GOODEN of Texas:H.R. 3881.Congress has the power to enact this legislation pursuantto the following:The Constitutional authority on which this bill rests isthe power of Congress to lay and collect taxes, duties,imposts, and excises to pay the debts and provide for thecommon Defefense and general welfare of the United States, asenumerated in Article I, Section 8, Clause 1. Thus, Congresshas the authority not only to increase taxes, but also, toreduce taxes to promote the general welfare of the UnitedStates of America and her citizens. Additionally Congress hastheThe single subject of this legislation is:This legislation seeks to address consolidation into theUnited States credit card network market.The bill serves as asolution to issues arising under U.S. antitrust laws,specifically equal and fair marketcompetition.[Page H2779]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-06-07T14:00:30Z 118 1838 S 2023-06-07 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text: CR S2007-2008) Identical bill CRS 2023-06-07 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-06-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-06-07 Introduced in House IntroReferral 1000 9 Library of Congress G000589 Rep. Gooden, Lance [R-TX-5] Lance Gooden R TX 5 N L000397 Rep. Lofgren, Zoe [D-CA-18] ZOE LOFGREN D CA 18 2023-06-07 True T000165 Rep. Tiffany, Thomas P. [R-WI-7] Thomas Tiffany R WI P. 7 2023-06-07 True V000133 Rep. Van Drew, Jefferson [R-NJ-2] Jefferson Van Drew R NJ 2 2023-06-07 True M001222 Rep. Miller, Max L. [R-OH-7] Max Miller R OH L. 7 2023-07-18 False S001177 Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] Gregorio Sablan D MP Kilili Camacho 0 2023-09-20 False G000595 Rep. Good, Bob [R-VA-5] Bob Good R VA 5 2023-09-26 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2023-09-27 False T000488 Rep. Thanedar, Shri [D-MI-13] Shri Thanedar D MI 13 2023-09-28 False 2023-10-02 P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2024-06-07 False Finance and Financial Sector Finance and Financial Sector 2023-06-29T16:15:26Z

00 2023-06-07 Introduced in House 2023-10-30T15:45:39Z <p><strong>Credit Card Competition Act of 2023</strong></p> <p>This bill addresses network access and competition in electronic credit transactions. </p> <p> The Board of Governors of the Federal Reserve System must prohibit certain credit card issuers with assets of over $100 billion from restricting the number of networks on which electronic credit card transactions may be processed. These transactions must be able to be processed on at least two networks and must not be restricted to networks (1) owned by or affiliated with the issuer, (2) designated as a national security risk, or (3) that have the largest market share of credit cards issued. </p> <p>Additionally, credit card issuers are prohibited from imposing certain limitations on the routing of electronic credit transactions, such as through penalties for failure to meet a specified threshold of transactions on a particular payment card network. </p> <p>The board must also designate payment card networks that pose a security risk to the United States or are owned, operated, or sponsored by a foreign state entity.</p>

Display Title 45 2024-06-08T08:06:03Z Short Title(s) as Introduced 101 2024-05-24T13:39:08Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:57:20Z Introduced in House IH Introduced in House 2023-06-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr3881ih/xml/BILLS-118hr3881ih.xml 2023-06-07 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.