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.
-
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
… 19 unchanged passages …
(D)
assess the effects of such regulations on consumer protection; (E)
assesses the balance of benefits and costs of such regulations with respect to the safety and soundness of the United States financial system and overall economic activity in the United States; (
E
F
) to the extent practicable, quantifies the direct and indirect economic costs imposed by such regulations; and (
F
G
) includes recommendations to streamline or eliminate duplicative, outdated, and unnecessarily burdensome regulations.
… 17 unchanged passages …
What does "considered adopted" mean?
When a chamber approves a rule that says a change is "considered adopted", the change becomes part of the bill as soon as the rule passes, without a separate vote on the change itself.
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 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (12 U.S.C. 3311) is amended—
(1) by striking appropriate Federal banking agency each place such term appears and inserting Federal financial institutions regulatory agency;
(2) by striking appropriate Federal banking agencies and inserting Federal financial institutions regulatory agencies;
(3) in subsection (a)—
(A) by striking represented on the Council; and
(B) by striking once every 10 years and inserting once every 8 years;
(4) in subsection (b)—
(A) by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively (and adjusting the margins accordingly);
(B) by striking In conducting and inserting the following:
(1) Solicitation of public comment. In conducting
; and
(C) by adding at the end the following:
(2) Internal review of cumulative impact. Each Federal financial institutions regulatory agency shall conduct an internal review of the cumulative impact of regulations issued by the Federal financial institutions regulatory agency that—
(A) assesses the effects of such regulations on consumers’ access to financial products and services;
(B) assesses the effects of such regulations on the availability of financial products and services to financial and nonfinancial firms;
(C) assesses the impact of such regulations on credit availability and financial market liquidity in United States financial markets;
(D) assess the effects of such regulations on consumer protection;
(E) assesses the balance of benefits and costs of such regulations with respect to the safety and soundness of the United States financial system and overall economic activity in the United States;
(F) to the extent practicable, quantifies the direct and indirect economic costs imposed by such regulations; and
(G) includes recommendations to streamline or eliminate duplicative, outdated, and unnecessarily burdensome regulations.
(5) in subsection (c)—
(A) by striking subsection (b)(2) and inserting subsection (b)(1)(B), and the internal review under subsection (b)(2),; and
(B) by striking once every 10 years and inserting once every 8 years;
(6) in subsection (e)—
(A) in paragraph (1), by striking and at the end;
(B) by redesignating paragraph (2) as paragraph (3);
(C) by inserting after paragraph (1) the following:
(2) a summary of the findings and determinations of each Federal financial institutions regulatory agency of the internal review conducted by the Federal financial institutions regulatory agency under subsection (b)(2); and
; and
(D) in paragraph (3), as so redesignated, by striking the regulatory burdens associated with such issues by regulation and inserting the regulatory burdens associated with the issues identified by public comments received by the Council and the Federal financial institutions regulatory agencies, as well as the regulatory burdens identified by each Federal financial institutions regulatory agency through the internal reviews conducted under subsection (b)(2), by regulation; and
(7) by adding at the end the following:
(f) Federal financial institutions regulatory agency defined. The term Federal financial institutions regulatory agency has the meaning given that term in section 1003 of the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3302).
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