House bill · 119th Congress · Latest step: Introduced
Credit Card Competition Act of 2026
Official title: To amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes.
Sponsor: Rep. Lance Gooden R-TXWhere it went
- IntroducedJan 13, 2026
- Committee action—
- Passed House—
- Passed Senate—
- To the President—
- Became law—
Latest action: Jan 13, 2026 — Referred to the House Committee on Financial Services.
Cost and committee reports
Official records Congress.gov attaches to H.R. 7035.
- Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. GOODEN, as printed in the Congressional Record (Vol. 172, No. 9, January 13, 2026, Page H718):The Constitutional authority on which this bill rests is the power of Congress to lay and collect taxes, duties, imposts, and excises to pay the debts and provide for the common Defefense and general welfare of the United States, as enumerated in Article I, Section 8, Clause 1. Thus, Congress has the authority not only to increase taxes, but also, to reduce taxes to promote the general welfare of the United States of America and her citizens. Additionally, Congress has theSource: Congress.gov, Congressional Record January 13, 2026 ↗
Evidence
- Field in the Congress.gov record
- constitutionalAuthorityStatementText
- Statement length
- 477 characters
- Congress.gov bill record
- H.R. 7035, 119th Congress
- Congress.gov API record
- https://api.congress.gov/v3/bill/119/hr/7035
- Record last updated by Congress.gov
- September 16, 2026
- PORKER copy retrieved
- September 24, 2026
- Stored copy, SHA-256 of the file
b59b4892a41c734bd279989eeeff18d26cbfa84d07b88f5128a070b4409397a9
PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.
Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of September 16, 2026). Not every bill gets one.
From the Congress.gov bill record for H.R. 7035, last updated September 16, 2026. PORKER’s copy was retrieved September 24, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.
Vote results
No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).
Cosponsors
8 cosponsors — 4 Republicans, 4 Democrats
4 of 8 cosponsors (50%) are from the other party.
Mark DeSaulnier (D-CA), Abraham Hamadeh (R-AZ), Zoe Lofgren (D-CA), James McGovern (D-MA), Thomas Tiffany (R-WI), Derek Tran (D-CA), Jefferson Van Drew (R-NJ), Tony Wied (R-WI).
More from the sponsor
Other 119th Congress bills sponsored by Rep. Lance Gooden.
- H.R. 1468 (119th) Protect America’s Innovation and Economic Security from CCP Act
- H.R. 1792 (119th) No Tax Dollars for the United Nation’s Immigration Invasion Act
- H.R. 1168 (119th) Protecting Federal Funds from Human Trafficking and Smuggling Act of 2025
- H.R. 6792 (119th) Foreign-Trade Zone Export Enhancement Act of 2025
- H.R. 7387 (119th) Stop Settlement Slush Funds Act of 2026
- H.R. 6262 (119th) Taiwan Interpol Endorsement and Inclusion Act
Related bills
- S. 3623 (119th) Credit Card Competition Act of 2026Identical bill
Relationships as recorded by Congress.gov.
Sponsor’s state and district
Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.