# 119-hr-6554: Community Bank Representation Act

119-hr-6554, Community Bank Representation Act, is a 119th Congress bill sponsored by Rep. De La Cruz, Monica [R-TX-15] (R-TX); status in_committee; PRIA reads it as touching household money (as of 2026-06-13).

- Canonical: https://policyrisk.com/legislation/119-hr-6554
- As of: 2026-06-13
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-6554
- Congress: 119
- Title: Community Bank Representation Act
- Status: in_committee
- Introduced: 2025-12-10
- Sponsor: Rep. De La Cruz, Monica [R-TX-15] (R-TX)
- Cosponsors: 3
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-06-13

## 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. - 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.

## Cosponsors (3)

- Rep. Williams, Roger [R-TX-25] (R-TX), 2025-12-12T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-12-16T00:00:00.000Z
- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2025-12-16T00:00:00.000Z

## Provisions PRIA read

- Annual GDP-based bank threshold updates: benefit, low. 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…
- New Federal Reserve member for community banks: mixed, medium. 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…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-4393: DIGNIDAD (Dignity) Act of 2025
- 119-hr-7548: SCAM Act
- 119-hr-1181: Protecting Privacy in Purchases Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act

## Sources
- [119-hr-6554 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6554)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-4393: DIGNIDAD (Dignity) Act of 2025](https://policyrisk.com/legislation/119-hr-4393)
- [119-hr-7548: SCAM Act](https://policyrisk.com/legislation/119-hr-7548)
- [119-hr-1181: Protecting Privacy in Purchases Act](https://policyrisk.com/legislation/119-hr-1181)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-6554 (as of 2026-06-13).