Durbin, Marshall Announce Hawley, Reed As New Cosponsors, Growing Support For Credit Card Competition Act
WASHINGTON – U.S. Senate Majority Whip Dick Durbin (D-IL), Chair of the Senate Judiciary Committee, and U.S. Senator Roger Marshall (R-KS) announced two new cosponsors to their Credit Card Competition Act : U.S. Senators Josh Hawley (R-MO) and Jack Reed (D-RI). The bipartisan pair joins U.S. Senators Peter Welch (D-VT) and J.D. Vance (R-OH ) in support of the Durbin-Marshall legislation that would enhance competition and choice in the credit card network market, which is currently dominated by the Visa-Mastercard duopoly. The bill has support from a wide range of small businesses and consumer groups, as well as key unions including the International Brotherhood of Teamsters and the Service Employees International Union (SEIU). “The momentum for common sense credit card market reforms continues to grow, and I’m glad Senators Hawley and Reed are joining in their support of our bipartisan legislation. Visa and Mastercard are pushing back hard against our efforts to
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