WASHINGTON, D.C. (Jan. 13, 2026) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, urges Congress to pass the Credit Card Competition Act and reinvigorate the credit card interchange market. This legislation would ensure small businesses have options when choosing a credit card processing network to help lower the credit card swipe fees each small business pays. The Credit Card Competition Act was re-introduced in Congress today by Senator Roger Marshall, M.D. (R-Kansas) and Senator Dick Durbin (D-Illinois), while President Trump announced his support for the legislation early this morning, labeling swipe fees as “out of control.”

“Introducing much-needed competition into the credit card processing market will force networks to compete for their customers, just as small businesses compete for customers every day,” said Brad Close, NFIB President. “Small business owners pay exorbitant fees just to be able to accept credit cards from their customers and those costs have skyrocketed, becoming one of the top expenses small businesses manage each month. It’s time for Washington to advance the Credit Card Competition Act so small business owners can invest in their own employees and communities instead of Wall Street’s bottom line.”

NFIB urges Congress to pass the Credit Card Competition Act, which would allow small business owners to choose between multiple credit card network options. Ninety-two percent of NFIB members believe that small business owners should have the right to pick among multiple credit card processing networks.

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For over 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.