{"format":1,"id":"119-hr-6955","congress":119,"number":"H.R. 6955","kind":"bill","group":"bills","title":"Main Street Capital Access Act","title_source":"Short Title(s) as Passed House","official_title":"To make improvements to the Federal banking laws, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To make improvements to the Federal banking laws, and for other purposes."},{"type":"Display Title","title":"Main Street Capital Access Act"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Main Street Act"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Main Street Capital Access Act"},{"type":"Official Title from EH (Engrossed in House) bill text","title":"To make improvements to the Federal banking laws, and for other purposes."},{"type":"Short Title(s) as Passed House","title":"Main Street Capital Access Act"},{"type":"Short Title(s) as Reported to House","title":"Main Street Capital Access Act"},{"type":"Short Title(s) as Reported to House","title":"Main Street Act"},{"type":"Short Title(s) as Introduced","title":"Main Street Capital Access Act"}],"outcome":"passed_house","law_number":null,"introduced":"2026-01-07","chambers":{"house":{"status":"roll_call","date":"2026-07-21","vote":{"id":"119-2026-h271","question":"On Passage","title":"Main Street Act","result":"Passed","yea":270,"nay":155,"present":1,"not_voting":5,"source":"https://clerk.house.gov/evs/2026/roll271.xml"}},"senate":{"status":"pending","date":null,"vote":null}},"president":{"status":"not_yet","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","date":"2026-07-22"},"nominees":null,"amendments":[],"other_votes":[{"chamber":"house","date":"2026-07-21","question":"On Motion to Recommit","title":"Main Street Act","result":"Failed","yea":210,"nay":216,"present":0,"not_voting":5,"kind":"procedural","source":"https://clerk.house.gov/evs/2026/roll270.xml"}],"crs_summary":{"date":"2026-04-20","stage":"Reported to House","blocks":[{"k":"h","t":"Main Street Capital Access Act or the Main Street Act"},{"k":"p","t":"This bill lessens and otherwise modifies banking regulations, including those regarding institution formation, supervision by federal financial regulators, and bank merger requirements."},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"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."},{"k":"p","t":"The bill also provides flexibilities regarding the use of reciprocal deposits, the resolution of failed banks, and other regulated activities."}],"words":235},"summary":{"main_subject":{"text":"Changes federal banking laws on new bank formation, regulatory asset thresholds, examinations and supervision, merger review, deposit rules and bank failure resolution.","cites":[{"label":"Title I","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H421EF01DC7A448A4B4025046A0012387"},{"label":"Title II","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H8EBD9974CC5441A4AE9FE6F5A53BF46F"},{"label":"Title III","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H1ED69DD8C50349C0A604F095D4E952E3"},{"label":"Title V","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H12B951F63A2141B48C3F7ADF4410F8EF"},{"label":"Title VI","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H1744411B8320418AB47C40D8D8DEEEF2"},{"label":"Title VII","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H1CE8AD9EA36C4D21831388C2469F3A48"}]},"core_areas":["New bank formation and charter application reporting","Community development financial institution programs","Asset thresholds and tailoring of bank regulation","Bank examinations, CAMELS ratings and supervisory appeals","Reputational risk in bank supervision","Bank merger and holding company application review","Reciprocal deposits","Resolution of failing banks"],"what_it_does":[{"text":"Requires the Board of Governors of the Federal Reserve System to revise its Small Bank Holding Company and Savings and Loan Holding Company Policy Statement within 180 days to raise the consolidated asset threshold to $6,000,000,000.","cite":{"label":"Sec. 202","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-HE715EBEEC61542D5986C590557AC25E1"}},{"text":"Requires the Board of Governors to increase certain total consolidated asset thresholds in the Financial Stability Act of 2010 and related laws every 5 years, using nominal gross domestic product or the Consumer Price Index, as the Board selects.","cite":{"label":"Sec. 203","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-HB4BA70EDB4BC407E905B5263CD7ABC23"}},{"text":"Sets a $25,000,000 minimum for each CDFI Bond Guarantee Program guarantee, caps total guarantees at $1,000,000,000 per fiscal year, and changes the program's date from September 30, 2014 to December 31, 2028.","cite":{"label":"Sec. 104","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H11A9EB8690674825B122577FECAE8F26"}},{"text":"Establishes an Office of Independent Examination Review in the Federal Financial Institutions Examination Council, headed by a three-member Board, and gives financial institutions a right to independent review of material supervisory determinations in final examination reports.","cite":{"label":"Sec. 302","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H58994735D7904699B16A57E6F9DB696C"}},{"text":"Provides that well managed, well capitalized insured banks and credit unions with $6,000,000,000 or less in consolidated assets get a limited-scope examination after each full-scope on-site examination, and combined examinations on request.","cite":{"label":"Sec. 303","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H445A6C81A4EE489CAAE2771B4B9EDFAD"}},{"text":"Requires each Federal banking agency to study its use of reputational risk in supervision, and, if it finds removal would not threaten safety and soundness, to remove references to it and stop supervising or enforcing based on it.","cite":{"label":"Sec. 304","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H490DAB8CAAA24426AC2BF36B08086DDC"}},{"text":"Directs agencies not to consider monopoly or competition effects in bank, bank holding company and savings and loan holding company mergers that result in less than $10,000,000,000 in assets and do not leave one insured institution with a physical presence in a metropolitan statistical area.","cite":{"label":"Sec. 601","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H2D0C91FAAEAB4C8C833702C4F8B190D3"}},{"text":"Requires the reviewing agency to tell an applicant within 30 days whether its record is complete, and to grant or deny a bank or holding company application within 120 days of submission or have it deemed granted.","cite":{"label":"Sec. 604","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H74C55774407643E79015F651113FDDA4"}},{"text":"Changes the reciprocal deposit amount in section 29(i)(1)(C) of the Federal Deposit Insurance Act from $96,333,333,333 to $250,000,000,000.","cite":{"label":"Sec. 502","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-HBCE061ECA43F46CCB52DF670708BA433"}},{"text":"Allows the Federal Deposit Insurance Corporation to choose a failed-bank resolution that is not the least costly to the Deposit Insurance Fund, if the Corporation and the Board of Governors make certain determinations and other requirements are met.","cite":{"label":"Sec. 701","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H12E1854F026249CAB839FD39CCB01360"}}],"unexpected":[{"category":"off_subject","items":[{"cite":{"label":"Sec. 401","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H45EB9714F1A04D7DA9EBBDA1911A9F95"},"heading":"FDIC Board Accountability","effect":"Changes the makeup of the FDIC Board of Directors, requiring one appointed member with experience at depository institutions under $17,000,000,000 in total assets, and sets term and 12-year service limits for board members.","amount":"$17,000,000,000","quote":"1 of whom shall have State bank supervisory experience, and separately 1 of whom shall have demonstrated primary experience working in or supervising depository institutions having less than $17,000,000,000 in total assets."},{"cite":{"label":"Sec. 402","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H8E0015793AC549DB87A1D9EE06BA37AE"},"heading":"Stop Agency Fiat Enforcement of Guidance","effect":"Requires nine listed financial agencies to place a prescribed statement on the first page of any guidance they issue, saying the guidance does not have the force and effect of law.","amount":null,"quote":"This guidance does not have the force and effect of law and therefore does not establish any rights or obligations for any person and is not binding on the agency or the public."},{"cite":{"label":"Sec. 403","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-HC1707411EC1543529EEEF2BB6686B5ED"},"heading":"Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow","effect":"Amends the periodic review of financial regulations to shorten the cycle from 10 years to 8 years and to require each agency to conduct an internal review of the cumulative impact of its regulations.","amount":null,"quote":"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"},{"cite":{"label":"Sec. 501","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-HA23BC5426CCC4E40988B57311AAD68CC"},"heading":"Bringing the Discount Window into the 21st Century","effect":"Requires the Federal Reserve Board to review the Federal reserve banks' discount window lending programs, develop a remediation plan, and report to Congress, with annual follow-up reports.","amount":null,"quote":"the Board of Governors shall commence a review of the discount window lending programs of the Federal reserve banks"},{"cite":{"label":"Sec. 801","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-HD0BBA2C7732C48D3AD0D4330908EDBC7"},"heading":"Merchant Banking Modernization","effect":"Sets a minimum holding period of 15 years for merchant banking investments, including those already held on the date of enactment of the Main Street Act, and requires a Federal Reserve study and report on merchant banking investments.","amount":null,"quote":"the period of time generally permitted for holding merchant banking investments shall not be less than 15 years."},{"cite":{"label":"Sec. 802","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-HFFCBC186D0EB44BB80D505D9D1BB2EBF"},"heading":"Bank-Fintech Partnership Enhancement","effect":"Directs the banking agencies and the National Credit Union Administration to study partnerships between banking organizations or credit unions and financial technology companies and to report to Congress within 1 year.","amount":null,"quote":"the impact of partnerships between banking organizations, on the one hand, and financial technology companies, on the other hand, on the banking sector"},{"cite":{"label":"Sec. 803","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H0212D87032E14A98A2D94EFEE345C98C"},"heading":"Discretionary surplus fund","effect":"Reduces the dollar amount specified in section 7(a)(3)(A) of the Federal Reserve Act by $425,000,000, effective September 1, 2036.","amount":"$425,000,000","quote":"The dollar amount specified under section 7(a)(3)(A) of the Federal Reserve Act (12 U.S.C. 289(a)(3)(A)) is reduced by $425,000,000."}]},{"category":"selective_carve_out","items":[{"cite":{"label":"Sec. 601","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H2D0C91FAAEAB4C8C833702C4F8B190D3"},"heading":"Bank Competition Modernization","effect":"Directs agencies not to consider monopoly and competition effects when reviewing bank mergers and holding company transactions that result in an institution under $10,000,000,000 in assets and do not leave one insured depository institution with a physical presence in a metropolitan statistical area.","amount":"$10,000,000,000","quote":"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"},{"cite":{"label":"Sec. 302","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H58994735D7904699B16A57E6F9DB696C"},"heading":"Fair Audits and Inspections for Regulators’ Exams","effect":"Sets deadlines for exams, exit interviews and final reports, but leaves out institutions under a continuous or resident examination program. The section also adds written-advice rulings, an independent review office, and a choice of district court for enforcement hearings.","amount":null,"quote":"shall complete any examination of a financial institution, other than a financial institution subject to a continuous or resident examination program, within 270 days of commencing the examination"},{"cite":{"label":"Sec. 304","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H490DAB8CAAA24426AC2BF36B08086DDC"},"heading":"Financial Integrity and Regulation Management","effect":"Defines reputational risk for agency supervision but states that the definition does not cover negative publicity about practices involving unlawful transactions connected with state sponsors of terrorism or foreign terrorist organizations.","amount":null,"quote":"The previous sentence does not apply to negative publicity or negative public opinion regarding an institution’s business practices where such practices involve unlawful transactions in connection with state sponsors of terrorism or foreign terrorist organizations."},{"cite":{"label":"Sec. 703","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-HC74E5C41773F43B881194E7E26AEF548"},"heading":"Failing Bank Acquisition Fairness","effect":"Rewrites the exceptions to merger and acquisition limits for banks in default or in danger of default. Concentration limits can be set aside only on clear and convincing evidence and when no qualified bid was received. Also requires a report to Congress after each waiver.","amount":null,"quote":"The responsible agency may, without regard to paragraph (1), (3), (4), or (5) of subsection (b) or paragraph (2), (4), or (5) of subsection (a), approve an application"}]},{"category":"unnamed_target","items":[{"cite":{"label":"Sec. 701","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh#toc-H12E1854F026249CAB839FD39CCB01360"},"heading":"Least Cost Exception","effect":"Lets the FDIC choose a bank resolution method that costs the Deposit Insurance Fund more than the least costly option, under set conditions tied to limiting concentration in global systemically important banking organizations.","amount":null,"quote":"may, at the discretion of the Corporation, select an alternative method of exercising such authority that is not the least costly to the Deposit Insurance Fund"}]}],"version":{"type":"Engrossed in House","date":"2026-07-21","rule":"passed","href":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-01","approved_by":"desk"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/house-bill/6955","text":"https://www.congress.gov/bill/119th-congress/house-bill/6955/text"},"card":{"image":"card/item/119-hr-6955.png","v":"93b6c7ee51fb","alt":"Votes on Record. H.R. 6955, 119th Congress: Main Street Capital Access Act. House: 270 Yea, 155 Nay. Senate: not yet considered. Outcome: Passed House, 21 Jul 2026."}}