Loading chat...
US SB3849
Bill
AI Summary
-
Amends Section 921(a)(6) of the Electronic Fund Transfer Act to require inflation adjustments to the asset threshold that exempts small issuers from debit card interchange fee regulations
-
Requires the Federal Reserve Board to make an initial one-time adjustment by July 1, 2026, based on cumulative inflation from October 2009 to October 2025
-
Mandates annual inflation adjustments by January 15 of each subsequent year, based on the Consumer Price Index for the preceding October
-
Introduced February 11, 2026 by Senator Cruz (R-TX) and Senator Britt (R-AL), referred to the Senate Committee on Banking, Housing, and Urban Affairs
Legislative Description
Community Bank Relief Act
Finance and financial sector
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2/11/2026