Credit Card Competition Act of 2026

[Congressional Record Volume 172, Number 9 (Tuesday, January 13, 2026)] [House] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] By Mr. GOODEN: H.R. 7035. Congress has the power to enact this legislation pursuantto the following: The Constitutional authority on which this bill rests isthe power of Congress to lay and collect taxes, duties,imposts, and excises to pay the debts and provide for thecommon Defefense and general welfare of the United States, asenumerated in Article I, Section 8, Clause 1. Thus, Congresshas the authority not only to increase taxes, but also, toreduce taxes to promote the general welfare of the UnitedStates of America and her citizens. Additionally, Congresshas the [Page H718]