President Donald Trump continues to urge Congress to pass the Credit Card Competition Act, a bill that would require any card issued by major banks to support at least two card networks, the Wall Street Journal reported Thursday (Oct. 8).

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Merchant lobbyists who support the bill have stepped up their efforts to get it passed in recent weeks by meeting with White House officials and seeking to add it to an existing piece of legislation, according to the report.

Banks and payment lobbyists who oppose the bill have also been meeting with White House officials and members of Congress, the report said.

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Trump promoted the Credit Card Competition Act in a January social media post, and Vice President JD Vance co-sponsored the bill when he was a senator, per the report.

White House spokeswoman Taylor Rogers said in the report: “President Trump has been clear: Pass the Credit Card Competition Act and save American families from hidden swipe fees that cost households $1,200 a year. He continues to urge Congress to meet this moment, put Main Street over Wall Street, and get this legislation to his desk.”

Sen. Roger Marshall (R-Kansas), sponsor of the Credit Card Competition Act, shared a link to the WSJ report in a Thursday post on X and said: “My bipartisan piece of legislation strikes at the heart of Wall Street and the credit card companies gouging Americans with absurd fees.

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