American, United, and Southwest Send Warning About Legislation

Lawmakers are proposing a bill aimed at reducing fees charged by credit card companies has sparked a response from some of the biggest names in the airline industry as American, United, and Southwest have all issued a warning about the ramifications that the bill will have on frequent fliers.

The legislation, proposed by United States Senators Roger Marshall and Dick Durbin, is an amendment to the crypto-focused GENIUS Act that looks to expand competition for credit card providers and lower swipe fees.