The purpose of this legislation is to update the Electronic Fund Transfer Act by adjusting certain financial thresholds for inflation. This is intended to ensure that the rules governing payment card transactions remain relevant and effective as the cost of living changes over time. One of the key provisions of this legislation is the requirement for annual adjustments to the specified financial thresholds based on the Consumer Price Index. This means that starting in July 2026, and every January 15 thereafter, the amounts outlined in the law will be recalibrated to reflect inflation.