President Donald Trump renewed his support for legislation that would limit credit card swipe fees, urging Congress to pass the Credit Card Competition Act during a rally in Salina, Kansas, on Nov. 1, 2026.
Swipe fees, also called interchange fees, are charges generally paid by merchants when customers use credit cards. Merchants Payments Coalition, a trade group that supports limits on those fees, said Trump’s remarks marked the ninth time that Trump or Vice President J.D. Vance has publicly called for swipe-fee reform.
“If you reelect Roger Marshall I will sign his bill … limiting out of control … credit card swipe fees, saving you an estimated at least $2,000 per year,” Trump said.
Trump was referring to Sen. Roger Marshall, R-Kan., the bill’s lead sponsor. The coalition said the president also described the issue as important during the rally, where he repeated his endorsement of Marshall.
What the bill would address
The Credit Card Competition Act, or CCCA, is intended to increase competition over the networks that process credit card payments. The coalition’s statement described the legislation as a way to bring swipe fees under tighter control. It did not provide a new estimate of how much consumers would save at the checkout counter or explain how individual merchants would change their prices.
The debate has implications for consumers because merchants pay card-processing costs and may reflect those expenses in their prices. The statement from the coalition focused on potential savings for American families and small businesses, but it did not announce a new consumer fee, a change to card rewards or an immediate change to credit card accounts.
Support grows in the Senate
The coalition said the bill gained three Senate cosponsors in August: Sens. Bernie Moreno, R-Ohio; Cynthia Lummis, R-Wyo.; and Angus King, I-Maine. They joined Marshall and existing sponsors Sens. Dick Durbin, D-Ill., and Peter Welch, D-Vt., according to the statement.
| Development | Details |
|---|---|
| Latest presidential endorsement | Trump spoke at a rally in Salina, Kansas, on Nov. 1 |
| Bill | Credit Card Competition Act |
| Lead Senate sponsor | Roger Marshall, R-Kan. |
| Additional cosponsors cited | Bernie Moreno, Cynthia Lummis and Angus King |
Doug Kantor, general counsel for the National Association of Convenience Stores and a member of the coalition’s executive committee, said support for the proposal extends beyond the White House. He said affordability has become a central issue and that lawmakers from both major parties and independents could work together on the measure.
“But this is not just a White House effort. Affordability is a key issue right now, and members of Congress from across the political spectrum agree that it’s time to stand up for Main Street and bring these fees under control,” Kantor said.
Trump first addressed the issue in January, when he called for legislation to stop what he described as excessive swipe fees. At a rally outside Wichita last month, he again praised Marshall’s bill. Vance also endorsed the proposal at an event in Topeka last week, according to the coalition.
- Trump again called for passage of the Credit Card Competition Act on Nov. 1.
- The proposal targets the fees merchants pay when customers use credit cards.
- The latest remarks do not by themselves change cardholder rates, fees or rewards.
