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Durbin Credit Card Amendment Hits Speed Bump

Payments Dive

U.S. Sen. Dick Durbin wasn’t able to attach the Credit Card Competition Act proposal to a defense funding bill this week, but he will try again next month.

The proposed Credit Card Competition Act failed to become part of a U.S. defense spending bill this week, but backers of the legislation expect to have another chance to attach it to the military bill next month.

Sen. Dick Durbin (D-IL) and Roger Marshall (R-KS), sponsors of the card competition legislation, were hopeful they could tack the legislation onto the National Defense Authorization Act.

It could have been a surefire way to help their bill pass through the chamber because the defense funding legislation is a must-pass bill every year. However, other senators apparently had the same idea, with some 900 other amendments offered, too.