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House Republicans unveil pro-community bank legislation

1/8/26

House Financial Services Committee Chairman French Hill (R-Ark.) and Subcommittee on Financial Institutions Chairman Andy Barr (R-Ky.) released a legislative package to support community banks—with ICBA joining the lawmakers to discuss the measure today.

Details: Among its provisions, the Main Street Capital Access Act (H.R. 6955) includes ICBA-supported provisions to:

  • Tailor regulations to the lower risk profile of community banks.

  • Ease excessive capital requirements.

  • Support the formation of new community banks.

  • Ensure fair reviews of agency examinations.

  • Raise thresholds for holding custodial and reciprocal deposits.

  • Require the appointment of an FDIC board member with experience in small depository institutions.

  • Modernize the Federal Reserve's discount window lending programs.

  • Offer relief at the holding company level.

  • Promote bank-fintech partnerships.

Kickoff Event: ICBA President and CEO Rebeca Romero Rainey today is slated to join Hill and Barr at a House Financial Services Committee fireside chat at the U.S. Capitol in support of the act.

Bill: https://financialservices.house.gov/uploadedfiles/main_street_capital_access_act_text.pdf

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