Reduce credit card swipe fees.

Roger Marshall · Kansas · Republican

policy impact 0.60 specificity 0.50 extraction confidence 87%

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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 took a concrete legislative step toward reducing swipe fees by introducing the bill, but there is no enacted reduction yet; the latest official action remains referral to committee.

unresolved same_term A for effort

S.3623 - Credit Card Competition Act of 2026 | Congress.gov
secondary · model gpt-5.4-mini · confidence 98%

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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.

Marshall publicly renewed the effort to reduce swipe fees in the current Congress, but the release reflects advocacy and introduction rather than delivery.

unresolved same_term A for effort

Marshall, Durbin Reintroduce Credit Card Competition Act Backed by President Trump - Senator Roger Marshall
secondary · model gpt-5.4-mini · confidence 93%

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Assessments

never same_term A for effort

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.

provider codex_cli · model gpt-5.5 · confidence 96%