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
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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
(a)
Threshold adjustments To account for historical increases in current-Dollar United States gross domestic product. (1) Federal Reserve Act. Section 11 of the Federal Reserve Act (12 U.S.C. 248) is amended— (A) by redesignating the second subsection (s) (relating to assessments) as subsection (t); and (B) in subsection (t), as so redesignated— (i) in paragraph (2), by striking $100,000,000,000 each place that term appears and inserting $150,000,000,000; and (ii) in paragraph (3), by striking between $100,000,000,000 and $250,000,000,000 and inserting between $150,000,000,000 and $370,000,000,000. (2) Bank Holding Company Act of 1956. Section 4(k)(6)(B)(ii) of the Bank Holding Company Act of 1956 (12 U.S.C. 1843(k)(6)(B)(ii)) is amended by striking $10,000,000,000 and inserting $15,000,000,000. (3) Financial Stability Act of 2010. The Financial Stability Act of 2010 (12 U.S.C. 5311 et seq.) is amended— (A) in section 116(a) (12 U.S.C. 5326(a)), by striking $250,000,000,000 and inserting $370,000,000,000; (B) in section 121(a) (12 U.S.C. 5331(a)), by striking $250,000,000,000 and inserting $370,000,000,000; (C) in section 163(b) (12 U.S.C. 5363(b))— (i) by striking $250,000,000,000 each place that term appears and inserting $370,000,000,000; and (ii) by striking $10,000,000,000 and inserting $15,000,000,000; (D) in section 164 (12 U.S.C. 5364), by striking $250,000,000,000 and inserting $370,000,000,000; and (E) in section 165 (12 U.S.C. 5365)— (i) in subsection (a)— (I) in paragraph (1), by striking $250,000,000,000 and inserting $370,000,000,000; and (II) in paragraph (2)(C), by striking $100,000,000,000 and inserting $150,000,000,000; (ii) in subsection (h)(2), by striking $50,000,000,000 each place that term appears and inserting $75,000,000,000; (iii) in subsection (i)(2)(A), by striking $250,000,000,000 and inserting $370,000,000,000; and (iv) in subsection (j)(1), by striking $250,000,000,000 and inserting $370,000,000,000. (4) Economic Growth, Regulatory Relief, and Consumer Protection Act. Section 401(f) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (12 U.S.C. 5365 note) is amended by striking $250,000,000,000 and inserting $370,000,000,000. (b)
Periodic adjustments to thresholds
To account for future increases in current-Dollar United States gross domestic product
.
(1) In general.
The Financial Stability Act of 2010 (12 U.S.C. 5311 et seq.) is
further
amended by adding at the end the following:
[Inserted into the law:
177. Periodic adjustments to thresholds
to account for increases in current-dollar United States gross domestic product
. (a) In general.
By
(1)
April
Adjustment. Not later than
1
, 2031,
year
and
after
the
1st
date
day
of enactment
of
each
this
subsequent
section, and every
5
-year period
years thereafter
, the Board of Governors shall increase
the
each
thresholds
threshold
described in subsection (b) by the ratio, if greater than 1, of the annual value of
current-dollar
the
United
economic
States
indicator
gross
selected
domestic product, published
by the
Department
Board
of
Commerce,
Governors as appropriate
for
that threshold under paragraph (2)(B) for
the calendar year preceding the year in which the adjustment is calculated under this section, to the published annual value of such
index
economic indicator
for the calendar year preceding April 1, 2026.
(2) Selection of economic indicators. Not later than 3 months after the date of enactment of this section, the Board of Governors shall— (A) 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 quantitative regulatory thresholds described in subsection (b); (B) for each threshold 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 threshold; (C) 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 subparagraph (A); and (ii) all selections made under subparagraph (B).
… 3 unchanged passages …
(A) sections 116(a), 121(a), 163(b), 164, 165(a)(1), 165(h)(2),
and
165(j)(1) of this Act; and
… 2 unchanged passages …
(c) Currency of information. The values used in the calculation under subsection (a) 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 .
… 5 unchanged passages …
178.
Adjustments
Periodic adjustments
to thresholds established by rule
to account for increases in current-dollar United States gross domestic product
.
… 5 unchanged passages …
(b) Modifications required. The Board of Governors, the Comptroller of the Currency, and the Corporation shall modify any such thresholds identified by each review conducted under subsection (a) by the ratio, if greater than 1, of the annual value of
current-dollar
the
United
economic
States
indicator
gross
selected
domestic
by
product,
the
published
agency
by
as
the
appropriate
Department
for
of
that
Commerce,
threshold under paragraph (1)
for the calendar year preceding the year in which the
modification
adjustment
is calculated under this section, to the published annual value of such
index
economic indicator
for the calendar year preceding the effective date of such threshold, as each respective agency shall determine as appropriate for such regulations. In making such determination, the Board of Governors, the Comptroller of the Currency, and the Corporation shall— (1)
use
not later than 3 months after
the
values
date of enactment of this subsection,
for
current-dollar
each threshold identified by each review conducted under subsection (a), select either nominal
United States gross domestic product
most
(as
recently
published by the Department of Commerce
) or the Consumer Price Index (
as
published by the Department
of
Labor) as appropriate for adjusting such threshold, and use
the
values of such selected economic indicator most recently published as of the
date of commencement of the review
to compute the ratio described in this subsection
;
… 4 unchanged passages …
(
2
b
) Clerical amendment. The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by inserting after the item relating to section 176 the following:
[Inserted into the law:
Sec. 177. Periodic adjustments to thresholds
to account for increases in current-dollar United States gross domestic product
.Sec. 178.
Adjustments
Periodic adjustments
to thresholds established by rule
to account for increases in current-dollar United States gross domestic product
.
]
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.
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A markup is a committee meeting where members go through a bill and vote on changes before sending it to the full chamber.
(a) Periodic adjustments to thresholds. The Financial Stability Act of 2010 (12 U.S.C. 5311 et seq.) is amended by adding at the end the following:
177. Periodic adjustments to thresholds
(a) In general
(1) Adjustment. Not later than 1 year after the date of enactment of this section, and every 5 years thereafter, the Board of Governors shall increase each threshold described in subsection (b) by the ratio, if greater than 1, of the annual value of the economic indicator selected by the Board of Governors as appropriate for that threshold under paragraph (2)(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.
(2) Selection of economic indicators. Not later than 3 months after the date of enactment of this section, the Board of Governors shall—
(A) 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 quantitative regulatory thresholds described in subsection (b);
(B) for each threshold 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 threshold;
(C) 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 subparagraph (A); and
(ii) all selections made under subparagraph (B).
(b) Covered thresholds. The thresholds described in this subsection are the following:
(1) Each bank holding company or savings and loan holding company total consolidated asset amount in the second subsection (s) (relating to assessments) of section 11 of the Federal Reserve Act.
(2) Each bank holding company total consolidated asset amount in—
(A) sections 116(a), 121(a), 163(b), 164, 165(a)(1), 165(h)(2), 165(j)(1) of this Act; and
(B) section 401(f) of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
(3) Each financial company total consolidated asset amount in section 165(i)(2)(A) of this Act.
(c) Currency of information. The values used in the calculation under subsection (a) 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.
(d) Rounding
(1) If any amount equal to or greater than $100,000,000,000 determined under subsection (a) 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.
(2) If any amount less than $100,000,000,000 determined under subsection (a) 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.
(e) Publication. Not later than April 5 of any calendar year in which an adjustment is required to be calculated under subsection (a), the Board of Governors shall publish in the Federal Register the amounts as so calculated.
(f) Implementation period. Any increase in amounts determined under subsection (a) shall take effect on January 1 of the year immediately succeeding the calendar year in which the increase is required to be calculated under subsection (a).
178. Periodic adjustments to thresholds established by rule
(a) Agency review. Not later than June 30, 2026, and the 1st day of each subsequent 5-year period, the Board of Governors, the Comptroller of the Currency, and the Corporation shall, to the extent applicable, review—
(1) any regulation—
(A) implementing section 165 of this Act; or
(B) making specific cross-reference to any regulation of the Board of Governors implementing section 165 of this Act; and
(2) any asset threshold or other quantitative threshold in such regulations implementing section 165 of this Act, or in such regulations making specific cross-reference to any regulation of the Board of Governors implementing section 165 of this Act, the amount of which is not prescribed by statute.
(b) Modifications required. The Board of Governors, the Comptroller of the Currency, and the Corporation shall modify any such thresholds identified by each review conducted under subsection (a) by the ratio, if greater than 1, of the annual value of the economic indicator selected by the agency as appropriate for that threshold under paragraph (1) 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 the effective date of such threshold, as each respective agency shall determine as appropriate for such regulations. In making such determination, the Board of Governors, the Comptroller of the Currency, and the Corporation shall—
(1) not later than 3 months after the date of enactment of this subsection, for each threshold identified by each review conducted under subsection (a), 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 threshold, and use the values of such selected economic indicator most recently published as of the date of commencement of the review to compute the ratio described in this subsection;
(2) seek to establish, to the extent feasible, uniform thresholds for use by each such agency, taking into account the entities regulated by each such agency and the purposes for which such threshold was established; and
(3) seek to adjust such thresholds, to the extent feasible, with rounding consistent with section 177(d) of this Act.
(c) Report. Upon conclusion of each review required under subsection (a), each of the Board of Governors, the Comptroller of the Currency, and the Corporation shall 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 a description of any modification of any regulation such agency made pursuant to subsection (b).
(b) Clerical amendment. The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by inserting after the item relating to section 176 the following:
Sec. 177. Periodic adjustments to thresholds.Sec. 178. Periodic adjustments to thresholds established by rule.
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