H.R. 6955
Main Street Capital Access Act
Sponsor: J. French Hill · 33 cosponsors
Follow this bill
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
III Fair and Transparent Bank Supervision
IV Regulatory Accountability and Transparency
Where this section came from
-
Jan 7, 2026 · Introduced in House Referred to House Committee on Financial Services, Jan 7
-
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.
Section 2 of the Federal Deposit Insurance Act (12 U.S.C. 1812) is amended—
(1)
in
by
subsection
striking
(a)—
Consumer
(A)
Financial
in
Protection
paragraph
Bureau
(1)—
each
(i)
place
in
such
subparagraph
term
(A),
appears
by
and
adding
inserting
and
Bureau
at
of
the
Consumer
end
Financial Protection
;
and
(
ii
2
) by
striking
amending
subparagraphs
subsection
(
B) and (
a)(1)(
C)
and
to
inserting
read
the
as
following
follows
:
[Inserted into the law:
(
B
C
)
4
3
of whom shall be appointed by the President, by and with the advice and consent of the Senate, from among individuals who are citizens of the United States, 1 of whom shall have State bank supervisory experience, and separately 1 of whom shall have demonstrated primary experience working in or supervising depository institutions having less than $17,000,000,000 in total assets.
… 2 unchanged passages …
(
B) by adding at the end the following: [Inserted into the law: (
3)
Non-voting status of the Director of the Bureau of Consumer Financial Protection. The Director of the Bureau of Consumer Financial Protection shall serve as a non-voting observer to the Board of Directors of the Corporation. ] (2)
in subsection (c)—
… 5 unchanged passages …
(3) in subsection (d)(2)—
(A) by striking Consumer Financial Protection Bureau each place such term appears and inserting Bureau of Consumer Financial Protection; and
(B) by inserting or observer, as the case may be, after member; and
(4) in subsection (f)(2), by striking or of the Consumer Financial Protection Bureau.
What is a markup?
A markup is a committee meeting where members go through a bill and vote on changes before sending it to the full chamber.
Section 2 of the Federal Deposit Insurance Act (12 U.S.C. 1812) is amended—
(1) by striking Consumer Financial Protection Bureau each place such term appears and inserting Bureau of Consumer Financial Protection;
(2) by amending subsection (a)(1)(C) to read as follows:
(C) 3 of whom shall be appointed by the President, by and with the advice and consent of the Senate, from among individuals who are citizens of the United States, 1 of whom shall have State bank supervisory experience, and separately 1 of whom shall have demonstrated primary experience working in or supervising depository institutions having less than $17,000,000,000 in total assets.
; and
(3) in subsection (c)—
(A) in paragraph (1), by adding at the end the following: No individual may be appointed as a member for more than two terms.; and
(B) by adding at the end the following:
(4) Maximum length of service. Notwithstanding any other provision of this Act, no person shall serve as a member for more than twelve years in total.
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