H.R. 6955
Referred to CommitteeMain Street Capital Access Act
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
7/22/2026 • Senate
Summary
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.
Reported to House • 4/20/2026
Topics & Subjects
Amendments (1)
This bill has 1 amendment proposed or adopted.
View all amendments on Congress.govCongressional Votes (2)
On Passage
July 21, 2026
On Motion to Recommit
July 21, 2026
Related Federal Spending
Sponsor & Cosponsors (34)
Party Breakdown
Sponsor
Cosponsors (33)
Bill Journey
Originated in the House
Introduced
January 7, 2026
Committee Review
March 4, 2026
Floor Debate
July 21, 2026
Passed Chamber
Other Chamber
President
Failed
July 21, 2026
Text Versions (4)
Committee Reports (1)
Related Bills (26)
H.R. 6550
American FIRST Act of 2025
H.R. 940
FAIR Exams Act
S. 875
FIRM Act
H.R. 2702
FIRM Act
H.R. 3390
Bringing the Discount Window into the 21st Century Act
H.R. 1900
Bank Failure Prevention Act of 2025
H.R. 3234
Keeping Deposits Local Act
H.R. 3379
HUMPS Act of 2025
H.R. 3446
FDIC Board Accountability Act
H.R. 4460
SAFE Guidance Act
H.R. 4437
SMART Act of 2025
H.R. 5317
Community Bank Deposit Access Act of 2025
S. 2663
Merchant Banking Modernization Act
H.R. 5262
Bank Competition Modernization Act
H.R. 5291
Merchant Banking Modernization Act
H.R. 6546
Merger Process Review Act
H.R. 6544
REVIEW Act of 2025
H.R. 6536
Rural Depositories Revitalization Study Act
H.R. 6554
Community Bank Representation Act
H.R. 6553
TIER Act of 2025
H.R. 6547
Least Cost Exception Act
H.R. 6570
Merger Agreement Approvals Clarity and Predictability Act
H.R. 3716
Systemic Risk Authority Transparency Act
H.R. 975
Credit Union Board Modernization Act
S. 4839
Bank-Fintech Partnership Enhancement Act
H.Res. 1438
Providing for consideration of the bill (H.R. 8800) to authorize appropriations for fiscal year 2027 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (H.R. 8884) to amend title II of the Social Security Act to reauthorize demonstration authority for the disability insurance program; providing for consideration of the concurrent resolution (H. Con. Res. 113) establishing the congressional budget for the United States Government for fiscal year 2027 and setting forth the appropriate budgetary levels for fiscal years 2028 through 2036; providing for consideration of the bill (H.R. 7008) to amend chapter 131 of title 5 to require certain restrictions on stocks for Members of Congress and their spouses and dependents, and for other purposes; providing for consideration of the bill (H.R. 6955) to make improvements to the Federal banking laws, and for other purposes; providing for consideration of the bill (H.R. 9770) making continuing appropriations for fiscal year 2027, and for other purposes; and for other purposes.