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To amend the Electronic Fund Transfer Act to adjust certain thresholds for inflation.
Summary
This bill amends the Electronic Fund Transfer Act to require automatic inflation adjustments to thresholds for reasonable fees on payment card transactions. Beginning July 1, 2026, and on January 15 of each year thereafter, the threshold amount shall be adjusted by the annual percentage increase in the Consumer Price Index for October. Before the first adjustment, the Federal Reserve Board shall adjust the threshold by the cumulative percentage increase in the Consumer Price Index from October 2009 to October 2025. The bill allows these fee thresholds to automatically keep pace with inflation without requiring separate legislative action each year.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Cruz, Ted [R-TX] (R-TX)
1 cosponsor
Money behind the sponsor
Top reported contributors to Ted Cruz’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $4,424,745
- ENTREPRENEUR $458,096
- RDV CORPORATION $39,600
- AMERICAN AIRLINES $29,632
- BLACKSTONE $27,400
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Ted Cruz → · Outside spending →
Actions (2)
- Feb 11, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Feb 11, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
February 11, 2026
Mr. Cruz (for himself and Mrs. Britt) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs
A BILL
To amend the Electronic Fund Transfer Act to adjust certain thresholds for inflation.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Community Bank Relief Act”.
SEC. 2. REASONABLE FEES AND RULES FOR PAYMENT CARD TRANSACTIONS.
Section 921(a)(6) of the Electronic Fund Transfer Act (15 U.S.C. 1693o-2(a)(6)) is amended—
(1) by redesignating subparagraph (B) as subparagraph (C); and
(2) by inserting after subparagraph (A) the following:
“(B) Inflation adjustments.—
“(i) In general.—Except as provided in clause (ii), not later than July 1, 2026, and not later than January 15 of every year thereafter, the amount described in subparagraph (A) shall be adjusted by the annual percentage increase in the Consumer Price Index for the month of October.
“(ii) Exception.—Prior to the first adjustment made under clause (i), the Board shall adjust the amount described in subparagraph (A) by the percentage by which—
“(I) the Consumer Price Index for October 2025, exceeds
“(II) the Consumer Price Index for October 2009.”. <all>
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