# 119-hr-6955: Main Street Capital Access Act 119-hr-6955, Main Street Capital Access Act, is a 119th Congress bill sponsored by Rep. Hill, J. French [R-AR-2] (R-AR); status passed_house; PRIA reads it as touching household money (as of 2026-09-21). - Canonical: https://policyrisk.com/legislation/119-hr-6955 - As of: 2026-09-21 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: 119-hr-6955 - Congress: 119 - Title: Main Street Capital Access Act - Status: passed_house - Introduced: 2026-01-07 - Sponsor: Rep. Hill, J. French [R-AR-2] (R-AR) - Cosponsors: 33 - Policy area: Finance and Financial Sector - Touches household money: yes - Last recorded action: 2026-09-21 ## Summary **Reduce regulatory friction for small banks and boost transparency and independent review**. The bill speeds new‑bank timelines, indexes regulatory thresholds to inflation or GDP, creates an independent appeals office for exam disputes, and expands transparency and support for community development lenders. ## Cosponsors (33) - Rep. Barr, Andy [R-KY-6] (R-KY), 2026-01-07T00:00:00.000Z - Rep. Huizenga, Bill [R-MI-4] (R-MI), 2026-01-07T00:00:00.000Z - Rep. Lucas, Frank D. [R-OK-3] (R-OK), 2026-01-07T00:00:00.000Z - Rep. Sessions, Pete [R-TX-17] (R-TX), 2026-01-07T00:00:00.000Z - Rep. Wagner, Ann [R-MO-2] (R-MO), 2026-01-07T00:00:00.000Z - Rep. Williams, Roger [R-TX-25] (R-TX), 2026-01-07T00:00:00.000Z - Rep. Emmer, Tom [R-MN-6] (R-MN), 2026-01-07T00:00:00.000Z - Rep. Loudermilk, Barry [R-GA-11] (R-GA), 2026-01-07T00:00:00.000Z - Rep. Davidson, Warren [R-OH-8] (R-OH), 2026-01-07T00:00:00.000Z - Rep. Rose, John W. [R-TN-6] (R-TN), 2026-01-07T00:00:00.000Z - Rep. Steil, Bryan [R-WI-1] (R-WI), 2026-01-07T00:00:00.000Z - Rep. Timmons, William R. [R-SC-4] (R-SC), 2026-01-07T00:00:00.000Z - Rep. Stutzman, Marlin A. [R-IN-3] (R-IN), 2026-01-07T00:00:00.000Z - Rep. Norman, Ralph [R-SC-5] (R-SC), 2026-01-07T00:00:00.000Z - Rep. Meuser, Daniel [R-PA-9] (R-PA), 2026-01-07T00:00:00.000Z - Rep. Kim, Young [R-CA-40] (R-CA), 2026-01-07T00:00:00.000Z - Rep. Donalds, Byron [R-FL-19] (R-FL), 2026-01-07T00:00:00.000Z - Rep. Garbarino, Andrew R. [R-NY-2] (R-NY), 2026-01-07T00:00:00.000Z - Rep. Fitzgerald, Scott [R-WI-5] (R-WI), 2026-01-07T00:00:00.000Z - Rep. Flood, Mike [R-NE-1] (R-NE), 2026-01-07T00:00:00.000Z - Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-01-07T00:00:00.000Z - Rep. De La Cruz, Monica [R-TX-15] (R-TX), 2026-01-07T00:00:00.000Z - Rep. Ogles, Andrew [R-TN-5] (R-TN), 2026-01-07T00:00:00.000Z - Rep. Nunn, Zachary [R-IA-3] (R-IA), 2026-01-07T00:00:00.000Z - Rep. McClain, Lisa C. [R-MI-9] (R-MI), 2026-01-07T00:00:00.000Z - Rep. Salazar, Maria Elvira [R-FL-27] (R-FL), 2026-01-07T00:00:00.000Z - Rep. Downing, Troy [R-MT-2] (R-MT), 2026-01-07T00:00:00.000Z - Rep. Haridopolos, Mike [R-FL-8] (R-FL), 2026-01-07T00:00:00.000Z - Rep. Moore, Tim [R-NC-14] (R-NC), 2026-01-07T00:00:00.000Z - Rep. Kennedy, Mike [R-UT-3] (R-UT), 2026-01-12T00:00:00.000Z - Rep. Knott, Brad [R-NC-13] (R-NC), 2026-01-22T00:00:00.000Z - Rep. Calvert, Ken [R-CA-41] (R-CA), 2026-03-09T00:00:00.000Z - Rep. Fedorchak, Julie [R-ND-At Large] (R-ND), 2026-03-26T00:00:00.000Z ## Votes | Date | Chamber | Question | Result | Yea | Nay | | --- | --- | --- | --- | --- | --- | | 2026-07-21T00:00:00.000Z | house | On Motion to Recommit | Failed | 210 | 216 | | 2026-07-21T00:00:00.000Z | house | On Passage | Passed | 270 | 155 | ## Provisions PRIA read - Index thresholds and tailor bank rules: benefit, high. This bill would raise many bank rule dollar thresholds every five years. The Federal Reserve would pick GDP or CPI within 3 months, publish new amounts by April 5 in update years, and the higher amounts would take effect the next January 1. Agencies would also review rules more often, study the tot… - Stronger rights to challenge exam findings: benefit, high. This bill would set firm timelines for exams: finish within 270 days, hold an exit meeting within 30 days, and deliver the final report within 90 days. A new independent board inside the FFIEC would hear de novo appeals of material supervisory decisions and keep supervisory information confidential… - Faster, clearer merger and charter decisions: benefit, medium. Agencies would have 30 days to say if an application is complete (up to 60 days for complex cases) and then 120 days from initial filing to grant or deny, or it would be deemed granted. The FDIC, Fed, OCC, and NCUA would publish yearly public reports on application counts, outcomes, and average app… - Lighter exams and reports for small banks: benefit, medium. Banks and credit unions with $6 billion or less in assets would get exam relief. After a full-scope on‑site exam, the next exam would be limited‑scope, with fewer examiners and shorter visits when possible, and combined exams on request. Agencies would report average exam staff experience, examiner… - Limits on guidance and ‘reputation’ risk: benefit, medium. Financial agencies would have to put a clear notice on new guidance that it is not law and is not binding. Each bank regulator would study its use of “reputational risk” in supervision. If dropping it would not harm safety and soundness, the agency would remove it from guidance and stop using it in… - Review and fix Fed discount window: benefit, medium. The Federal Reserve would review discount window lending within 60 days and finish within 240 days. The review would cover liquidity in stress, technology, cybersecurity, access, hours, mobile‑banking impacts, and stigma. The Fed would deliver a remediation plan and report to Congress within 365 da… - Study bank and credit‑union fintech partnerships: benefit, medium. Regulators would study how banks and credit unions partner with fintech firms. The reviews would cover competition, innovation, consumer protection, and access to services. The Fed, OCC, and FDIC would report on banks, and the NCUA would report on credit unions, within 1 year. - Extend and tune CDFI bond guarantees: benefit, medium. The CDFI Bond Guarantee Program would run through December 31, 2028. Each guarantee would be at least $25 million, with a $1 billion cap per year. Treasury could charge a fee of 0.10% to 0.15%. Treasury would report on program results within 3 years and may testify to Congress each year on CDFI ope… - Changes to reciprocal deposits and eligibility: mixed, high. The cap on reciprocal deposits treated as non‑brokered would rise to $250 billion. To qualify as an agent institution, a bank would need a CAMELS rating of 1, 2, or 3 at its last section 10(d) exam, with an exception for newly insured banks. The FDIC could grant waivers case by case to avoid safety… - New rules for failed‑bank sales and bidders: mixed, high. In limited cases, the FDIC would be able to choose a resolution that is not the least‑cost option if it limits more concentration in the biggest banks. The FDIC would set, within 1 year, a cap on any extra cost to the Deposit Insurance Fund, and buyers would pay assessments over at least 5 years. W… - Cut Federal Reserve surplus in 2036: mixed, medium. A specified Federal Reserve amount would be reduced by $425 million on September 1, 2036. This is a system‑level fiscal change and would not directly affect most households. - Longer holds for merchant banking investments: mixed, medium. Rules would set the normal holding period for merchant banking investments at 15 years or more. Existing investments would follow a 15‑year minimum from the original investment date. The Fed would study these investments, including in housing and infrastructure, and report to Congress within 18 mon… - Community bank pilots may become permanent: mixed, low. Between January 1 and June 30, 2031, regulators would decide if certain pilot rules harmed qualifying community banks. If harm is found, the rules would only apply to banks insured before that decision. If not, the rules would become permanent. A related deadline would be cut from 180 days to 90 da… - Updates to FDIC board and council rules: mixed, low. FDIC board rules would change: one member must have state bank supervisory experience and one must have experience with banks under $17 billion. No member could serve more than two terms or 12 years total. The FFIEC law would clarify which agencies are covered for certain sections and exclude unins… ## Related bills - 119-hr-452: Miracle on Ice Congressional Gold Medal Act - 119-hr-10184: Consumer Financial Protection Accountability and Reform Act of 2026 - 119-hr-1919: Anti-CBDC Surveillance State Act - 119-hr-703: Main Street Tax Certainty Act - 119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk. - 119-hr-1422: Enhanced Iran Sanctions Act of 2025 ## Sources - [119-hr-6955 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/6955) ## Related - [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452) - [119-hr-10184: Consumer Financial Protection Accountability and Reform Act of 2026](https://policyrisk.com/legislation/119-hr-10184) - [119-hr-1919: Anti-CBDC Surveillance State Act](https://policyrisk.com/legislation/119-hr-1919) - [119-hr-703: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-hr-703) - [119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.](https://policyrisk.com/legislation/119-hres-719) - [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422) - [All bills in Congress](https://policyrisk.com/legislation) Source: PRIA, https://policyrisk.com/legislation/119-hr-6955 (as of 2026-09-21).