119th Congress
H.R. 6955
Main Street Capital Access Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- J. French Hill(R-AR)
- Introduced
- Jan 7, 2026
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services; Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (33)
Original cosponsors (29)
- Andrew Ogles (R-TN)
- Andrew R. Garbarino (R-NY)
- Andy Barr (R-KY)
- Ann Wagner (R-MO)
- Barry Loudermilk (R-GA)
- Bill Huizenga (R-MI)
- Bryan Steil (R-WI)
- Byron Donalds (R-FL)
- Daniel Meuser (R-PA)
- Frank D. Lucas (R-OK)
- John W. Rose (R-TN)
- Lisa C. McClain (R-MI)
- Maria Elvira Salazar (R-FL)
- Marlin A. Stutzman (R-IN)
- Michael Lawler (R-NY)
- Mike Flood (R-NE)
- Mike Haridopolos (R-FL)
- Monica De La Cruz (R-TX)
- Pete Sessions (R-TX)
- Ralph Norman (R-SC)
- Roger Williams (R-TX)
- Scott Fitzgerald (R-WI)
- Tim Moore (R-NC)
- Tom Emmer (R-MN)
- Troy Downing (R-MT)
- Warren Davidson (R-OH)
- William R. Timmons IV (R-SC)
- Young Kim (R-CA)
- Zachary Nunn (R-IA)
Added later (4)
- Mike Kennedy (R-UT) · Jan 12, 2026
- Brad Knott (R-NC) · Jan 22, 2026
- Ken Calvert (R-CA) · Mar 9, 2026
- Julie Fedorchak (R-ND) · Mar 26, 2026
Summary
Summary by the Congressional Research Service· describes the “Reported to House” version
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.
Roll-call votes
| Date | Vote | Result | Your members |
|---|---|---|---|
| Jul 21, 2026 House #271 | On Passage: Main Street Act | Passed | Set your home to see |
| Jul 21, 2026 House #270 | On Motion to Recommit: Main Street Act | Failed | Set your home to see |
Actions
- Jul 22, 2026 · Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - Jul 21, 2026 · House
Motion to reconsider laid on the table Agreed to without objection. - Jul 21, 2026 · House
On passage Passed by the Yeas and Nays: 270 - 155, 1 Present (Roll no. 271). (text of amendment in the nature of a substitute: CR H4708-4722) - Jul 21, 2026 · House
On motion to recommit Failed by the Yeas and Nays: 210 - 216 (Roll no. 270). - Jul 21, 2026 · House
Considered as unfinished business. (consideration: CR H5018-5019) - Jul 21, 2026 · House
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 6955, the Chair put the question on motion to recommit and by voice vote, announced that the noes had prevailed. Ms. Garcia (TX) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced. - Jul 21, 2026 · House
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX. - Jul 21, 2026 · House
Ms. Garcia (TX) moved to recommit to the Committee on Financial Services. (text: CR H4731) - Jul 21, 2026 · House
The previous question was ordered pursuant to the rule. - Jul 21, 2026 · House
DEBATE - The House proceeded with one hour of debate on H.R. 6955. - Jul 21, 2026 · House
Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770. - Jul 21, 2026 · House
Considered under the provisions of rule H. Res. 1438. (consideration: CR H4707-4731) - Jul 20, 2026 · House
Rules Committee Resolution H. Res. 1438 Reported to House. Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770. - Apr 20, 2026 · House
Placed on the Union Calendar, Calendar No. 535. - Apr 20, 2026 · House
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-617. - Mar 4, 2026
Ordered to be Reported by the Yeas and Nays: 26 - 16. - Mar 4, 2026
Committee Consideration and Mark-up Session Held - Jan 7, 2026 · House
Referred to the House Committee on Financial Services. - Jan 7, 2026
Introduced in House