H.R. 6955
Main Street Capital Access Act
Sponsor: J. French Hill · 33 cosponsors
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Official summary
Written by the Congressional Research Service.
Main Street Capital Access Act or the Main Street Act
This bill lessens and otherwise modifies banking regulations, including those regarding institution formation, supervision by federal financial regulators, and bank merger requirements.
Under the bill, new banks have a three-year phase-in period to meet certain capital requirements. The bill also reduces the leverage ratio for certain rural community banks.
Financial regulators must (1) tailor regulatory actions to limit burdens on financial institutions and must consider the institutions' risk profiles and business models, and (2) review their regulations more frequently and expand the scope of these reviews.
The bill eases requirements regarding bank mergers, for example, by allowing financial regulators to approve certain bank mergers without considering if the merger is noncompetitive or monopolistic.
The bill increases the dollar asset thresholds for various fees, reporting requirements, and other regulatory requirements so that more financial companies and banks are exempt from these requirements. For example, the bill increases the total asset threshold above which financial holding companies need Federal Reserve Board approval to acquire a company, thereby allowing for more acquisitions without board approval. The bill also raises certain asset thresholds so as to allow additional small bank holding companies to operate with higher debt levels and additional small banks to qualify for a longer examination cycle.
The bill also provides flexibilities regarding the use of reciprocal deposits, the resolution of failed banks, and other regulated activities.
Text of the bill
I New Bank Formation and Local Community Access
II Tailoring Bank Regulation
Where this section came from
Not in the first version (Introduced in House, Jan 7).
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Apr 20, 2026 · Reported in House Marked up by House Committee on Financial Services, Mar 4 Reported by House Committee on Financial Services, Apr 20 Committee members' individual votes aren't in our records.
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Jul 21, 2026 · Engrossed in House H.Amdt. 241: Pursuant to the provisions of H. Res. 1438, in lieu of the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 119-35 is considered as adopted. Official page › H.Res. 1438: On Ordering the Previous Question — Passed, 213–209 · Roll Call 253 H.Res. 1438: On Agreeing to the Resolution — Passed, 214–211 · Roll Call 254 On Motion to Recommit — Failed, 210–216 · Roll Call 270On Passage — Passed, 270–155 · Roll Call 271
(a) Threshold adjustments to account for historical increases in current-dollar United States Gross Domestic Product. (1) Bank holding company act of 1956. The Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) is amended— (A) in section 5(c)(3)(C)(ii) (12 U.S.C. 1844(c)(3)(C)(ii)), by striking $1,000,000 and inserting $3,000,000; and (B) in section 13(h)(1)(B)(i) (12 U.S.C. 1851(h)(1)(B)(i)), by striking $10,000,000,000 and inserting $15,000,000,000. (2) Community reinvestment act of 1977. Section 809(a) of the Community Reinvestment Act of 1977 (12 U.S.C. 2908(a)) is amended by striking $250,000,000 and inserting $800,000,000. (3) Depository institution management interlocks act. The Depository Institution Management Interlocks Act (12 U.S.C. 3201 et seq.) is amended— (A) in section 202(4) (12 U.S.C. 3201(4)), by striking $100,000,000 and inserting $600,000,000; (B) in section 203(1) (12 U.S.C. 3202(1)), by striking $50,000,000 and inserting $110,000,000; and (C) in section 204 (12 U.S.C. 3203)— (i) by striking $2,500,000,000 and inserting $10,000,000,000; and (ii) by striking $1,500,000,000 and inserting $10,000,000,000. (4) Dodd-Frank wall street reform and consumer protection act. The Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) is amended— (A) in section 210 (12 U.S.C. 5390)— (i) in subsection (o), by striking $50,000,000,000 in each place it appears and inserting $105,000,000,000; and (ii) in subsection (r), by striking $1,000,000 and inserting $5,000,000; and (B) in section 956(f) (12 U.S.C. 5641(f)), by striking $1,000,000,000 and inserting $3,000,000,000. (5) Federal credit union act. The Federal Credit Union Act (12 U.S.C. 1751 et seq.) is amended— (A) in section 202 (12 U.S.C. 1782)— (i) in subsection (a)(6)(C)(iii)— (I) in the heading, by striking De MINIMUS and inserting De MINIMIS; and (II) by striking $10,000,000 and inserting $34,000,000; (ii) in subsection (a)(6)(D)— (I) by striking $500,000,000 and inserting $2,000,000,000; and (II) by striking $10,000,000 and inserting $34,000,000; (iii) in subsection (b)(1)(A), by striking $50,000,000 each place that term appears and inserting $170,000,000; and (iv) in subsection (c)(1)(A)(iii), by striking $50,000,000 each place that term appears and inserting $170,000,000; and (B) in section 216 (12 U.S.C. 1790d)— (i) in subsection (f)(2), by striking $10,000,000 and inserting $34,000,000; (ii) in subsection (i)(4)(B), by striking $5,000,000 and inserting $17,000,000; (iii) in subsection (j)(2)(A), by striking $25,000,000 and inserting $51,000,000; and (iv) in subsection (o)(4), by striking $10,000,000 and inserting $34,000,000. (6) Federal deposit insurance act. The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended— (A) in section 7(a)(12) (12 U.S.C. 1817(a)(12)), by striking $5,000,000,000 and inserting $8,000,000,000; (B) in section 11(p)(1)(A)(i) (12 U.S.C. 1821(p)(1)(A)(i)), by striking $1,000,000 and inserting $5,000,000; (C) in section 36 (12 U.S.C. 1831m)— (i) in subsection (i), by striking $5,000,000,000 each place that term appears and inserting $21,000,000,000; and (ii) in subsection (j), by striking $150,000,000 each place that term appears and inserting $800,000,000; and (D) in section 38 (12 U.S.C. 1831o)— (i) in subsection (b), by striking $300,000,000 and inserting $2,000,000,000; and (ii) in subsection (k)— (I) by striking $50,000,000 and inserting $110,000,000; and (II) by striking $75,000,000 and inserting $150,000,000. (7) Federal home loan bank act. Section 2(10) of the Federal Home Loan Bank Act (12 U.S.C. 1422(10)) is amended by striking $1,000,000,000 each place that term appears and inserting $3,000,000,000. (8) Federal reserve act. The Federal Reserve Act (12 U.S.C. 221 et seq.) is amended— (A) in section 7(a)(1) (12 U.S.C. 289) by striking $10,000,000,000 each place that term appears and inserting $17,000,000,000; and (B) in section 22(h)(5)(C) (12 U.S.C. 375b(h)(5)(C)) by striking $100,000,000 and inserting $500,000,000. (9) Home mortgage disclosure act of 1975. The Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2801 et seq.) is amended— (A) in the second paragraph (3) of section 304(i) (12 U.S.C. 2803(i)(3); relating to Exemption from certain disclosure requirements), by striking $30,000,000 and inserting $160,000,000; and (B) in section 309(a) (12 U.S.C. 2808(a)), by striking $10,000,000 and inserting $180,000,000. (10) Home owners’ loan act. Section 5(u) of the Home Owners’ Loan Act (12 U.S.C. 1464(u)) is amended— (A) in paragraph (2)(A)(i), by striking $500,000 and inserting $3,000,000; and (B) in paragraph (2)(A)(ii), by striking $30,000,000 and inserting $160,000,000. (11) International lending supervision act of 1983. Section 909(a)(1) of the International Lending Supervision Act of 1983 (12 U.S.C. 3908(a)(1)) is amended by striking $20,000,000 and inserting $160,000,000. (12) Real estate settlement procedures act of 1974. Section 3(1)(B)(iv) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2602(1)(B)(iv)) is amended by striking $1,000,000 and inserting $19,000,000. (13) Revised statutes of the united states. Section 5136A(a)(2)(D)(ii) of the Revised Statutes of the United States (12 U.S.C. 24a(a)(2)(D)(ii)) is amended by striking $50,000,000,000 and inserting $175,000,000,000. (14) Truth in lending act. Section 129C(b)(2)(F)(i) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)(F)(i)) is amended by striking $10,000,000,000 and inserting $15,000,000,000. (b) Threshold adjustments to account for historical increases in current-dollar United States Gross Domestic Product. (1) In general. By April 1, 2031, and the 1st day of each subsequent 5-year period, the Board of Governors of the Federal Reserve System shall prescribe the amount by which each dollar amount described in subsection (a) shall be increased by the ratio, if greater than 1, of the annual value of current-dollar United States gross domestic product, published by the Department of Commerce, for the calendar year preceding the year in which the adjustment is calculated under this subsection, to the published annual value of current-dollar United States gross domestic product for the calendar year preceding April 1, 2026. (2) Currency of information. The values used in the calculation under paragraph (1) shall be, as of the date of the calculation, the values most recently published by the Department of Commerce.
(a) Periodic adjustments to thresholds. (1) In general. (A) Adjustment. By April 1, 2031, and the 1st day of each subsequent 5-year period, the Board of Governors of the Federal Reserve System shall prescribe the amount by which each dollar amount described in subsection (b) shall be increased by the ratio, if greater than 1, of the annual value of the economic indicator selected by the Board of Governors of the Federal Reserve System as appropriate for that dollar amount under subparagraph (B) for the calendar year preceding the year in which the adjustment is calculated under this section, to the published annual value of such economic indicator for the calendar year preceding April 1, 2026. (B) Selection of economic indicators. Not later than 3 months after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall— (i) complete a study on the advantages and disadvantages of the use of either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) to adjust periodically the dollar amounts described in subsection (b); (ii) for each dollar amount described in subsection (b), select either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) as appropriate for adjusting such dollar amount; (iii) transmit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing— (I) all findings and determinations made in carrying out the study required under clause (i); and (II) all selections made under clause (ii). (2) Currency of information. The values used in the calculation under paragraph (1) shall be, as of the date of the calculation, the values most recently published by the Department of Commerce or Department of Labor, as appropriate.
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(b) Dollar amounts. The dollar amounts described in this subsection are the dollar amounts described in each of the following:
(1) Section 5(c)(3)(C)(ii) of the Bank Holding Company Act of 1956 (12 U.S.C. 1844(c)(3)(C)(ii)).
(2) Section 809(a) of the Community Reinvestment Act of 1977 (12 U.S.C. 2908(a)).
(3) Sections 202(4), 203(1), and 204 of the Depository Institution Management Interlocks Act (12 U.S.C. 3201 et seq.).
(4) Sections 210(o), 210(r)(1)(A)(i), and section 956(f) Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.).
(5) Sections 202(a)(6), 202(b)(1)(A), 202(c)(1)(A)(iii), 216(b)(2)(B)(iii)(II), 216(f)(2), 216(i)(4)(B), 216(j)(2)(A), and 216(o)(4) of the Federal Credit Union Act (12 U.S.C. 1751 et seq.).
(6) Sections 7(a)(12), 11(p)(1)(A)(i), 36(i)(1)(B), 36(j), 38(b)(2)(A)(ii), and 38(k)(2)(B)(iii) of the Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.).
(7) Section 2(10) of the Federal Home Loan Bank Act (12 U.S.C. 1422(10)).
(8) Sections 7(a)(1) and 22(h)(5)(C) of the Federal Reserve Act (12 U.S.C. 221 et seq.).
(9) The second paragraph (3) of section 304(i) (relating to Exemption from certain disclosure requirements) and section 309(a) of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2801 et seq.).
(10) Section 5(u)(2)(A) of the Home Owners’ Loan Act (12 U.S.C. 1464(u)(2)(A)).
(11) Section 909(a)(1) of the International Lending Supervision Act of 1983 (12 U.S.C. 3908(a)(1)).
(12) Section 3(1)(B)(iv) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2602(1)(B)(iv)).
(13) Section 5136A(a)(2)(D)(ii) of the Revised Statutes of the United States (12 U.S.C. 24a(a)(2)(D)(ii)).
(14) Section 129C(b)(2)(F)(i) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)(F)(i)).
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(a) Periodic adjustments to thresholds
(1) In general
(A) Adjustment. By April 1, 2031, and the 1st day of each subsequent 5-year period, the Board of Governors of the Federal Reserve System shall prescribe the amount by which each dollar amount described in subsection (b) shall be increased by the ratio, if greater than 1, of the annual value of the economic indicator selected by the Board of Governors of the Federal Reserve System as appropriate for that dollar amount under subparagraph (B) for the calendar year preceding the year in which the adjustment is calculated under this section, to the published annual value of such economic indicator for the calendar year preceding April 1, 2026.
(B) Selection of economic indicators. Not later than 3 months after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall—
(i) complete a study on the advantages and disadvantages of the use of either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) to adjust periodically the dollar amounts described in subsection (b);
(ii) for each dollar amount described in subsection (b), select either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) as appropriate for adjusting such dollar amount;
(iii) transmit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing—
(I) all findings and determinations made in carrying out the study required under clause (i); and
(II) all selections made under clause (ii).
(2) Currency of information. The values used in the calculation under paragraph (1) shall be, as of the date of the calculation, the values most recently published by the Department of Commerce or Department of Labor, as appropriate.
(3) Rounding
(A) If any amount equal to or greater than $100,000,000,000 determined under paragraph (1) for any period is not a multiple of $50,000,000,000, the amount shall be rounded up to the nearest $50,000,000,000.
(B) If any amount less than $100,000,000,000 but equal to or greater than $10,000,000,000 determined under paragraph (1) for any period is not a multiple of $5,000,000,000, the amount shall be rounded up to the nearest $5,000,000,000.
(C) If any amount less than $10,000,000,000 but equal to or greater than $1,000,000,000 determined under paragraph (1) for any period is not a multiple of $500,000,000, the amount shall be rounded up to the nearest $500,000,000.
(D) If any amount less than $1,000,000,000 but equal to or greater than $100,000,000 determined under paragraph (1) for any period is not a multiple of $50,000,000, the amount shall be rounded up to the nearest $50,000,000.
(E) If any amount less than $100,000,000 but equal to or greater than $10,000,000 determined under paragraph (1) for any period is not a multiple of $5,000,000, the amount shall be rounded up to the nearest $5,000,000.
(F) If any amount less than $10,000,000 but equal to or greater than $1,000,000 determined under paragraph (1) for any period is not a multiple of $500,000, the amount shall be rounded up to the nearest $500,000.
(G) If any amount less than $1,000,000 but equal to or greater than $100,000 determined under paragraph (1) for any period is not a multiple of $50,000, the amount shall be rounded up to the nearest $50,000.
(H) If any amount less than $100,000 but equal to or greater than $10,000 determined under paragraph (1) for any period is not a multiple of $5,000, the amount shall be rounded up to the nearest $5,000.
(I) If any amount less than $10,000 but equal to or greater than $1,000 determined under paragraph (1) for any period is not a multiple of $500, the amount shall be rounded up to the nearest $500.
(J) If any amount less than $1,000 but equal to or greater than $100 determined under paragraph (1) for any period is not a multiple of $50, the amount shall be rounded up to the nearest $50.
(K) If any amount less than $100 but equal to or greater than $10 determined under paragraph (1) for any period is not a multiple of $5, the amount shall be rounded up to the nearest $5.
(L) If any amount less than $10 but equal to or greater than $1 determined under paragraph (1) for any period is not a multiple of $0.50, the amount shall be rounded up to the nearest $0.50.
(4) Publication. Not later than April 5 of any calendar year in which an adjustment is required to be calculated under paragraph (1), the Board of Governors of the Federal Reserve System shall publish in the Federal Register the dollar amounts as so calculated.
(5) Implementation period. The increase in the dollar amounts shall take effect on January 1 of the year immediately succeeding any calendar year in which an adjustment is required to be calculated under paragraph (1).
(b) Dollar amounts. The dollar amounts described in this subsection are the dollar amounts described in each of the following:
(1) Section 5(c)(3)(C)(ii) of the Bank Holding Company Act of 1956 (12 U.S.C. 1844(c)(3)(C)(ii)).
(2) Section 809(a) of the Community Reinvestment Act of 1977 (12 U.S.C. 2908(a)).
(3) Sections 202(4), 203(1), and 204 of the Depository Institution Management Interlocks Act (12 U.S.C. 3201 et seq.).
(4) Sections 210(o), 210(r)(1)(A)(i), and section 956(f) Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.).
(5) Sections 202(a)(6), 202(b)(1)(A), 202(c)(1)(A)(iii), 216(b)(2)(B)(iii)(II), 216(f)(2), 216(i)(4)(B), 216(j)(2)(A), and 216(o)(4) of the Federal Credit Union Act (12 U.S.C. 1751 et seq.).
(6) Sections 7(a)(12), 11(p)(1)(A)(i), 36(i)(1)(B), 36(j), 38(b)(2)(A)(ii), and 38(k)(2)(B)(iii) of the Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.).
(7) Section 2(10) of the Federal Home Loan Bank Act (12 U.S.C. 1422(10)).
(8) Sections 7(a)(1) and 22(h)(5)(C) of the Federal Reserve Act (12 U.S.C. 221 et seq.).
(9) The second paragraph (3) of section 304(i) (relating to Exemption from certain disclosure requirements) and section 309(a) of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2801 et seq.).
(10) Section 5(u)(2)(A) of the Home Owners’ Loan Act (12 U.S.C. 1464(u)(2)(A)).
(11) Section 909(a)(1) of the International Lending Supervision Act of 1983 (12 U.S.C. 3908(a)(1)).
(12) Section 3(1)(B)(iv) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2602(1)(B)(iv)).
(13) Section 5136A(a)(2)(D)(ii) of the Revised Statutes of the United States (12 U.S.C. 24a(a)(2)(D)(ii)).
(14) Section 129C(b)(2)(F)(i) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)(F)(i)).
III Fair and Transparent Bank Supervision
IV Regulatory Accountability and Transparency
V Strengthening Local Bank Funding
VI Promoting Bank Competition and Merger Clarity
VII Strengthening Transparency and Involvement in Bank Resolutions
VIII Facilitating Innovation and Bank Partnerships