K-STREET, 10,000 FEET: “Toxic” Dick Durbin’s credit card legislation a bill to stay away from
THE LOWDOWN:
Illinois Senator Dick Durbin, a Democrat, is continuing his courting of Senate Republicans to back his controversial credit card bill, but red warning lights are flashing against backing the bill.
A TrumpWorld source told the Reporter that Republicans should not get on Durbin’s credit card bill.
Durbin’s courting of Senate Republicans comes at an odd time in the senator’s career — he spent the last eight years attacking President Donald Trump and Republicans, including two impeachment conviction votes against the president in his first term.
It is unclear if Durbin has the political capital and standing with Republicans to shore up any support for his CCCA.
Illinois Senator Dick Durbin, a Democrat, is continuing his courting of Senate Republicans to back his controversial credit card bill, but red warning lights are flashing against backing the bill.
Durbin has been trying to shore up support for his Credit Card Competition Act (CCCA), which he is looking at reintroducing into the upper chamber.
The bill would require the Federal Reserve Board of Governors to regulate network competition in credit card transactions. However, this bill has potential downsides of slowing down the economy, resulting in a potential $227 billion economic activity loss and approximately 156,000 jobs lost, according to a 2025 study from top global economic forecaster Oxford Economics Research.
A TrumpWorld source told the Reporter that Republicans should not get on Durbin’s credit card bill.
“Dick Durbin is a toxic, anti-Trump Senator who would oppose Trump if he cured cancer,” the source said. “Senate Republicans would be smart to stay far away from anything he touches, especially an anti-growth bill like CCCA.”
Durbin’s courting of Senate Republicans comes at an odd time in the senator’s career — he spent the last eight years attacking President Donald Trump and Republicans, including two impeachment conviction votes against the president in his first term.
The Illinois Democrat also voted against both FBI Director Kash Patel’s and Attorney General Pam Bondi’s confirmations to take their roles in the second Trump administration.
It is unclear if Durbin has the political capital and standing with Republicans to shore up any support for his CCCA.
