Thanks in large part to the Department of Government Efficiency (DOGE), DC is finally having honest conversations about the ballooning size and scope of government.
Reining in the federal government is an objective all Republicans should be working toward, but that’s not the case for a handful of lawmakers pushing the ill-named Credit Card Competition Act. This misguided bill would greatly expand the government’s role in America’s complex interchange markets through burdensome mandates and price controls on credit card payment rails. More government interference in private sector activity is the last thing the American people would expect of Congress at this time.
In recent weeks, a handful of Senators demanded the CCCA be attached to the cryptocurrency legislation that recently passed the Senate. Now, with that crypto bill on the other side of the Capitol, it’s possible some may try to use the same playbook to force a vote in the House. Doing so would be a major policy and political mistake, and one that should be avoided.
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