Sen. Roger Marshall (R-KS) says he and Sen. Dick Durbin (D-IL) are putting forward a must-pass spending bill for a vote on their special interest credit card bill. It has been reported.
report suggest Marshall said he “hotlined” the Credit Card Competition Act amendments in the Senate’s minibus spending bill, which contains half of the spending bill to pass.hotline I allow it Lawmakers bypass normal Senate procedures.
Marshall reportedly wants it too receive His promise to hold a hearing on his credit card bill is facing opposition from some Senate Republicans. Airline and credit card executives opposed to the Durbin-Marshall bill: resisted Efforts to Attend Scheduled Public Hearings on Bills
A spokesperson for Mr. Durbin said he is not holding back more money than his credit card charges.
While Marshall was there focus on On his controversial credit card bill, Republicans are demanding votes on immigration issues such as the Laken-Riley Act.
Republican leaders take issue with Marshall’s focus on credit card bills.
“I wish Roger Marshall would be as committed to border security as he is to the government takeover of the credit card industry,” a Republican aide told Breitbart News.
Durbin and Marshall hope the bill will bring more competition to payments processing by requiring banks to work with at least one alternative payment network other than industry giants Visa and Mastercard. . Critics of the bill argue that it would not only significantly undermine the security of payment processing but also eliminate credit card rewards programs.
Points Guy founder Brian Kelly said this week that the Marshall-Durbin bill would eliminate credit card rewards programs.
A Visa credit card is seen in New Orleans on August 11, 2019. Payment processing company Visa Inc. announced late Saturday, September 10, 2022, that it plans to begin categorizing sales at gun stores. (AP Photo/Jenny Kane, File)
“Look at how Americans are struggling. For many, wages aren’t keeping up. Rewards can be things like getting a gift card for a family event or going on a trip. How you store your money, how you spend it, etc. But to take away a portion of Americans’ earnings, many families are incorporating these rewards as part of their livelihood.”
Mr Kelly said the bill was “horrible for consumers”, adding:
After all, you had to let your congressman know that you were rattling a hornet’s nest when you were traveling for people’s points. It would make traveling, which has been pretty tough these days, even worse. So, is the bill you want to pass your legacy of taking value away from consumers and making it harder to travel and live when we’ve already been hit hard enough?
Sen. Jon Tester (D-Mont.) also criticized The Durbin-Marshall bill claims to reduce costs. During the ABA summit, Tester said he hopes the bill does not pass Congress.
He said there was a discussion on the topic “last time” in Congress, and “we were told that doing this would save consumers money.”
Sen. Marshall’s office has not yet responded to a request for comment.
Sean Moran is a policy reporter at Breitbart News. Follow him on Twitter @SeanMoran3.
