Payment card transaction thresholds would keep up with inflation.
This bill would make sure certain payment card transaction limits are regularly updated for inflation. This means financial institutions, merchants, and consumers would see these limits change over time, instead of staying the same. The Federal Reserve would be in charge of making these adjustments.
Today, certain payment card transaction limits in federal law do not change, even as prices go up. If this bill becomes law, the Federal Reserve Board would be required to regularly adjust these limits for inflation, starting with an initial adjustment and then yearly updates.
S 3849 · 119th Congress · February 11, 2026 · AI Summary by gemini-2.5-flash · 9/10
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7 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.