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119-hr-6554119th CongressWALLET

Community Bank Representation Act

Sponsored By: Representative De La Cruz, Monica [R-TX-15]

In Committee

Summary

This bill would add a dedicated community bank Board member to the Federal Reserve to shape supervision and regulation for smaller banks. It would also tie relevant asset thresholds to nominal GDP and require regular congressional oversight.

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  • Community banks and local customers: Banks with less than $17 billion in total assets would get policy recommendations and supervision oversight led by a Board member with demonstrated primary experience in community banking.
  • Federal Reserve governance: The law would create a statutory community bank member role that must consult with the Vice Chairman for Supervision and other experienced members when developing supervision and regulation for these smaller banks.
  • Oversight and thresholds: The bill would require semiannual hearings before the Senate Banking Committee and the House Financial Services Committee about the Board’s supervision of these banks. It would remove the prior $10 billion reference and require an annual adjustment of the asset threshold tied to changes in nominal GDP as reported by the Bureau of Economic Analysis.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

New Federal Reserve member for community banks

This bill would require the Federal Reserve Chairman to select one Board member who has primary experience with community banks. That designated member would develop policy and oversee supervision of banking organizations supervised by the Board that have less than $17 billion in total assets. The member must consult with the Vice Chairman for Supervision and any other Board members with community bank experience. If the designated member is different from the Vice Chairman for Supervision, that member would appear at semi-annual hearings before the Senate Banking Committee and the House Financial Services Committee. The bill would also strike an existing phrase referring to banks with less than $10 billion in assets from an earlier paragraph, which could change which banks are covered by that paragraph.

Annual GDP-based bank threshold updates

This bill would require the Board of Governors to adjust certain dollar thresholds each year when U.S. nominal GDP rises. At the end of a covered year, the Board would increase each specified dollar figure (including the $17 billion asset figure used for community-bank rules) by the percent change between that covered year's nominal GDP and the maximum nominal GDP in the prior five years. The Board must use nominal GDP statistics from the Bureau of Economic Analysis to compute the adjustment.

Sponsors & CoSponsors

Sponsor

De La Cruz, Monica [R-TX-15]

TX • R

Cosponsors

  • Rep. Williams, Roger [R-TX-25]

    TX • R

    Sponsored 12/12/2025

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 12/16/2025

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 12/16/2025

Roll Call Votes

No roll call votes available for this bill.

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