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
III Fair and Transparent Bank Supervision
IV Regulatory Accountability and Transparency
V Strengthening Local Bank Funding
VI Promoting Bank Competition and Merger Clarity
Where this section came from
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Jan 7, 2026 · Introduced in House Referred to House Committee on Financial Services, 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
… 6 unchanged passages …
(iii) the proposed merger transaction would result in an entity with less than $10,000,000,000 in assets and would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area .
… 4 unchanged passages …
(16) For merger transactions resulting in institutions with less than $10,000,000,000 in assets
. (A)
and
In
that
general
would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area
. Notwithstanding paragraph (5), if a proposed merger transaction would result in an institution with less than $10,000,000,000 in assets
and would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area
, then the responsible agency shall not consider whether such merger transaction would— (
i
A
) result in a monopoly, or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of the United States; and (
ii
B
) have the effect in any section of the country of substantially lessening competition, tending to create a monopoly, or in any other manner restraining trade.
(B) Threshold adjustment. (i) In general. At the end of each year for which the nominal gross domestic product of the United States increases (a covered year), the Corporation shall adjust the dollar figures described in subparagraph (A) and paragraph (4)(C)(iii) by a percentage equal to the percentage increase (if any) between— (I) the nominal gross domestic product of the United States for the year, during the preceding 5 years, with respect to which the nominal gross domestic product of the United States was the highest; and (II) the nominal gross domestic product of the United States for the covered year. (ii) Determination of GDP. In this paragraph, the Corporation shall use nominal gross domestic product statistics determined by the Bureau of Economic Analysis.
… 3 unchanged passages …
(8) For proposed transactions resulting in companies with less than $10,000,000,000 in assets
. (A)
and
In
that
general
would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area
. Notwithstanding paragraph (1), if a proposed acquisition, merger, or consolidation under this section would result in a company with less than $10,000,000,000 in assets
and would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area
, then the Board shall not consider whether such acquisition, merger, or consolidation would— (
i
A
) result in a monopoly, or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of the United States; and (
ii
B
) have the effect in any section of the country of substantially lessening competition, tending to create a monopoly, or in any other manner restraining trade.
(B) Threshold adjustment. (i) In general. At the end of each year for which the nominal gross domestic product of the United States increases (a covered year), the Board shall adjust the dollar figure described in subparagraph (A) by a percentage equal to the percentage increase (if any) between— (I) the nominal gross domestic product of the United States for the year, during the preceding 5 years, with respect to which the nominal gross domestic product of the United States was the highest; and (II) the nominal gross domestic product of the United States for the covered year. (ii) Determination of GDP. In this paragraph, the Board shall use nominal gross domestic product statistics determined by the Bureau of Economic Analysis.
]
(c) For savings and loan holding companies. Section 10(e) of the Home Owners’ Loan Act (12 U.S.C. 1467a(e)), as amended by section
103
604
(b), is further amended by adding at the end the following:
[Inserted into the law:
(10) For proposed transactions resulting in companies with less than $10,000,000,000 in assets
. (A)
and
In
that
general
would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area
. Notwithstanding subparagraphs (A) and (B) of paragraph (2), if a proposed transaction under this section would result in a company with less than $10,000,000,000 in assets
and would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area
, then the Board shall not consider whether the transaction would— (
i
A
) result in a monopoly, or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the savings and loan business in any part of the United States; and (
ii
B
) have the effect in any section of the country of substantially lessening competition, tending to create a monopoly, or in any other manner restraining trade.
(B) Threshold adjustment. (i) In general. At the end of each year for which the nominal gross domestic product of the United States increases (a covered year), the Board shall adjust the dollar figure described in subparagraph (A) by a percentage equal to the percentage increase (if any) between— (I) the nominal gross domestic product of the United States for the year, during the preceding 5 years, with respect to which the nominal gross domestic product of the United States was the highest; and (II) the nominal gross domestic product of the United States for the covered year. (ii) Determination of GDP. In this paragraph, the Board shall use nominal gross domestic product statistics determined by the Bureau of Economic Analysis.
]
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.
(a) In general. Section 18(c) of the Federal Deposit Insurance Act (12 U.S.C. 1828(c)), as amended by section 604(c), is further amended—
(1) in paragraph (4)(C)—
(A) in clause (i), by striking or at the end;
(B) in clause (ii), by striking the period at the end and inserting ; or; and
(C) by adding at the end the following:
(iii) the proposed merger transaction would result in an entity with less than $10,000,000,000 in assets and would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area.
; and
(2) by adding at the end the following:
(16) For merger transactions resulting in institutions with less than $10,000,000,000 in assets and that would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area. Notwithstanding paragraph (5), if a proposed merger transaction would result in an institution with less than $10,000,000,000 in assets and would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area, then the responsible agency shall not consider whether such merger transaction would—
(A) result in a monopoly, or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of the United States; and
(B) have the effect in any section of the country of substantially lessening competition, tending to create a monopoly, or in any other manner restraining trade.
(b) For bank holding companies. Section 3(c) of the Bank Holding Company Act of 1956 (12 U.S.C. 1842(c)) is amended by adding at the end the following:
(8) For proposed transactions resulting in companies with less than $10,000,000,000 in assets and that would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area. Notwithstanding paragraph (1), if a proposed acquisition, merger, or consolidation under this section would result in a company with less than $10,000,000,000 in assets and would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area, then the Board shall not consider whether such acquisition, merger, or consolidation would—
(A) result in a monopoly, or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the business of banking in any part of the United States; and
(B) have the effect in any section of the country of substantially lessening competition, tending to create a monopoly, or in any other manner restraining trade.
(c) For savings and loan holding companies. Section 10(e) of the Home Owners’ Loan Act (12 U.S.C. 1467a(e)), as amended by section 604(b), is further amended by adding at the end the following:
(10) For proposed transactions resulting in companies with less than $10,000,000,000 in assets and that would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area. Notwithstanding subparagraphs (A) and (B) of paragraph (2), if a proposed transaction under this section would result in a company with less than $10,000,000,000 in assets and would not result in there being only one insured depository institution with a physical presence in any relevant metropolitan statistical area, then the Board shall not consider whether the transaction would—
(A) result in a monopoly, or would be in furtherance of any combination or conspiracy to monopolize or to attempt to monopolize the savings and loan business in any part of the United States; and
(B) have the effect in any section of the country of substantially lessening competition, tending to create a monopoly, or in any other manner restraining trade.
VII Strengthening Transparency and Involvement in Bank Resolutions
VIII Facilitating Innovation and Bank Partnerships