Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) on Wednesday revived their Credit Card Competition Act proposal aimed at spurring more competition in the credit card industry, but this time Republicans planned to take center stage at a Washington press conference to boost the legislation and a companion bill introduced in the House.
The legislation failed to gain traction in the prior congressional session, despite the same bipartisan sponsorship in the Senate. While Durbin has long led the charge to break Visa and Mastercard’s dominance of the industry, the Republican front line for media Wednesday suggests a new approach to how they’re pitching the legislation.
