Credit Card Competition Act

Trump endorsed bill to enhance competition and choice in the credit card network market, which is currently dominated by the Visa-Mastercard duopoly  WASHINGTON, D.C. –  U.S. Senator Peter Welch (D-Vt.), a member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, today joined Senate Judiciary Ranking Member Dick Durbin (D-Ill.) and Senator Roger Marshall (R-Kan.) in reintroducing the bipartisan Credit Card Competition…

Welch: “You are killing small business in the United States of America.” WASHINGTON, D.C. –  During a Senate Judiciary Committee hearing today, U.S. Senator Peter Welch (D-Vt.) grilled Visa and Mastercard executives about their duopoly over the credit card market and the interchange fees—or swipe…

WASHINGTON, D.C. – Last week, U.S. Senator Peter Welch (D-Vt.) was awarded the National Retail Federation’s 2024 “Champion of Main Street” award for his leadership on legislative policies that foster growth and innovation in the retail industry, including the Credit Card Competition Act.   “When…

BURLINGTON, VT – Sen. Peter Welch (D-Vt.), co-sponsor of the bipartisan Credit Card Competition Act, released the following statement in reaction to Visa and Mastercard reaching an antitrust settlement with U.S. merchants on swipe fees, which would temporarily cap fees for the next years but not provide a…

WASHINGTON, D.C. – Senator Peter Welch (D-Vt.) today joined Senate Majority Whip Dick Durbin (D-Ill.), Sen. Roger Marshall, M.D. (R-Kans.) and small business owners to call for the passage of the Credit Card Competition Act, bipartisan legislation that would support small businesses and merchants in…