WASHINGTON, Jan. 16 -- Sen. Peter Welch issued the following press release:
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 Act (CCCA), which was recently endorsed by President Trump.
This bipartisan bill will enhance competition in the credit card market, which is currently dominated by the Visa-Mastercard duopoly, and lower costs for consumers. Senator Welch led the bill as a member of the House of Representatives and was an original cosponsor of the legislation when it was introduced in 2023.
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