Study: Economic Impact of Credit Card Competition Act on U.S. Travel and Tourism

WASHINGTON, DC – New data by leading global economic forecaster Oxford Economics Research shows that the Durbin-Marshall credit card bill introduced in 2023 could create an economic slowdown for the U.S. costing $227 billion in lost economic activity and approximately 156,000 lost jobs. The impact to cities and states reliant on tourism could be catastrophic, causing top U.S. destination markets to suffer substantial consumer spending and job losses, putting local economies at risk of another downturn in the wake of the COVID pandemic.

The full study is copied below.