Marshall said he is focused on the cost of living and named ... credit card swipe fees ... as items he wants to get "across the finish line."
Reduce credit card swipe fees.
Occurrences
Evidence
Sponsor Roger Marshall introduced S.3623, the Credit Card Competition Act of 2026, which would require Federal Reserve regulations to increase network competition in credit card transactions; Congress.gov shows the latest action as 'Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.'
Marshall said the bill would 'increase competition in the credit card market' and 'drive down the cost of everyday goods,' framing it as a way to reduce swipe fees; the release also says the bill was reintroduced on January 13, 2026.
Assessments
Marshall materially advanced the promise by sponsoring and introducing S.3623, the Credit Card Competition Act of 2026, aimed at increasing credit-card network competition and reducing swipe fees. However, the bill has not been enacted and its latest official action remains referral to the Senate Banking, Housing, and Urban Affairs Committee on January 13, 2026, so the promised fee reduction has not been delivered.