1. Short title This Act may be cited as the Credit Card Competition Act of 2023 . 2. Competition in credit card transactions (a) In general Section 921 of the Electronic Fund Transfer Act ( 15 U.S.C. 1693o–2 ) is amended— (1) in subsection (b)— (A) by redesignating paragraphs (2), (3), and (4) as paragraphs (3), (4), and (5), respectively; and (B) by inserting after paragraph (1) the following: (2) Competition in credit card transactions (A) No exclusive network (i) In general Not later than 1 year after the date of enactment of the Credit Card Competition Act of 2023 , the Board shall prescribe regulations providing that a covered card issuer or payment card network shall not directly or through any agent, processor, or licensed member of a payment card network, by contract, requirement, condition, penalty, technological specification, or otherwise, restrict the number of payment card networks on which an electronic credit transaction may be processed to— (I) 1 such network; (II) 2 or more such networks, if— (aa) each such network is owned, controlled, or otherwise operated by— (AA) affiliated persons; or (BB) networks affiliated with such issuer; or (bb) any such network is identified on the list established and updated under subparagraph (D)