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HOUSE 6955119th CongressPlaced on the Union Calendar, Calendar No. 535.

Main Street Act

Last Action
4/20/2026

Actions

  • 2026-07-22Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2026-07-21Motion to reconsider laid on the table Agreed to without objection.
  • 2026-07-21On 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)
  • 2026-07-21Passed/agreed to in House: On passage Passed by the Yeas and Nays: 270 - 155, 1 Present (Roll no. 271).
  • 2026-07-21On motion to recommit Failed by the Yeas and Nays: 210 - 216 (Roll no. 270).
  • 2026-07-21Considered as unfinished business. (consideration: CR H5018-5019)
  • 2026-07-21POSTPONED 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.
  • 2026-07-21The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
  • 2026-07-21Ms. Garcia (TX) moved to recommit to the Committee on Financial Services. (text: CR H4731)
  • 2026-07-21The previous question was ordered pursuant to the rule.
  • 2026-07-21DEBATE - The House proceeded with one hour of debate on H.R. 6955.
  • 2026-07-21Rule 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.
  • 2026-07-21Considered under the provisions of rule H. Res. 1438. (consideration: CR H4707-4731)
  • 2026-07-20Rules 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.
  • 2026-04-20Placed on the Union Calendar, Calendar No. 535.

Showing 15 of 20 actions. Full history on Congress.gov.

CRS Summary

As of 2026-04-20 (07)

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.  

Cosponsors (20)

  • Andy Barr (R-KY)
  • Bill Huizenga (R-MI)
  • Frank Lucas (R-OK)
  • Pete Sessions (R-TX)
  • Ann Wagner (R-MO)
  • Roger Williams (R-TX)
  • Tom Emmer (R-MN)
  • Barry Loudermilk (R-GA)
  • Warren Davidson (R-OH)
  • John Rose (R-TN)
  • Bryan Steil (R-WI)
  • William Timmons (R-SC)
  • Marlin Stutzman (R-IN)
  • Ralph Norman (R-SC)
  • Daniel Meuser (R-PA)
  • Young Kim (R-CA)
  • Byron Donalds (R-FL)
  • Andrew Garbarino (R-NY)
  • Scott Fitzgerald (R-WI)
  • Mike Flood (R-NE)

Subjects

  • Accounting and auditing
  • Administrative law and regulatory procedures
  • Administrative remedies
  • Advisory bodies
  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Business ethics
  • Business records
  • Congressional oversight
  • Consumer Financial Protection Bureau
  • Corporate finance and management
  • Credit and credit markets
  • Currency
  • Data collection, sharing, protection
  • Economic performance and conditions
  • Federal Deposit Insurance Corporation (FDIC)
  • Federal Reserve System
  • Financial crises and stabilization
  • Financial services and investments
Read on Congress.gov

Sourced from Congress.gov (public domain).

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