Banking: New Rules for Community Banks
The Main Street Act has been approved by the House Committee on Financial Services and is now waiting for a vote by the full House of Representatives. As of April 19, 2026, the bill is placed on the Union Calendar. While it has passed the committee stage, it is not guaranteed a floor vote because House leadership must decide when to schedule it.
270–155
The bill passed the House but faces a difficult path in the Senate where there is less support for loosening banking rules.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
The bill creates a new Office of Independent Examination Review with a 3-member Senate-confirmed board and staff, funded by assessments split among the banking agencies. It also reshapes examiner workflows, timelines, and CAMELS rating methods, changing the jobs of bank examiners at the FDIC, OCC, Federal Reserve, NCUA, and CFPB. Some workloads shift and new oversight of examiners is added.
“There is established in the Council an Office of Independent Examination Review (the `Office').”
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by the Yeas and Nays: 270 - 155, 1 Present (Roll no. 271).
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 270 - 155, 1 Present (Roll no. 271).
The House of Representatives voted to approve this bill. It now goes to the Senate.
On motion to recommit Failed by the Yeas and Nays: 210 - 216 (Roll no. 270).
On Motion to Recommit
On Passage
The Main Street Capital Access Act passed the House in a bipartisan vote. The package includes provisions to tailor regulatory thresholds, index them to growth, and create a new external 'Office of Independent Examination Review' for banks to challenge supervisory findings.
The bill, H.R. 6955, establishes a wide-ranging package of amendments to federal banking law. Key provisions include a three-year phase-in for capital requirements for de novo institutions and the creation of an independent appeals board to review examination findings.
The House passed legislation to modernize the banking regulatory framework. The bill includes the Bank Competition Modernization Act, which creates a $10 billion asset threshold for a safe harbor from certain Department of Justice competition analyses.
Document Type
Congressional Bill
Official Title
Main Street Capital Access Act
Analysis generated by AI. Always verify with official sources.