Community Bank Representation Act
Sponsored By: Representative De La Cruz, Monica [R-TX-15]
In Committee
Summary
Community bank representation is strengthened on the Federal Reserve Board by creating a designated member with primary community-bank experience and formal oversight duties. The bill also ties small-bank supervisory thresholds to nominal GDP and focuses Board attention on institutions under $17 billion in assets.
Show full summary
- Community banks and their supervisors: A Board member must develop policy recommendations and oversee supervision for banking organizations with assets under $17 billion. That member must appear at semi-annual hearings before House and Senate banking committees to report on supervision and regulation.
- Federal Reserve governance: The act removes the phrase "having less than $10 billion in total assets" from the cited Federal Reserve Act paragraph and formalizes a Board adviser role with community-bank experience to consult with the Vice Chairman for Supervision and other members.
- Regulators and statutory thresholds: Dollar figures in related Federal Reserve and FFIEC authorities are indexed annually to nominal GDP using Bureau of Economic Analysis data so thresholds rise with the economy.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
New Community-Bank Fed Board Member
If enacted, the Fed Chair would pick one Board member who has primary experience working in or supervising community banks. That member would help develop policy and oversee supervision of banking organizations supervised by the Board with less than $17 billion in total assets, in consultation with the Vice Chair for Supervision and any other Board members with community-bank experience. If the designated member is not the Vice Chair for Supervision, that member would testify twice a year to the Senate Banking Committee and the House Financial Services Committee on supervision of those banks. The bill would also require the FFIEC Governor with community-bank experience to consult with that Governor on related policy and oversight.
GDP-Indexed Community Bank Thresholds
If enacted, the Board of Governors would adjust certain dollar thresholds for community-bank rules each year when U.S. nominal GDP rises. The adjustment percentage would equal the percent increase between the highest nominal GDP in the prior five years and nominal GDP for the covered year, using BEA numbers. The adjustment would apply to specific dollar figures named in the second undesignated paragraph of Section 10, paragraph (12)(B) of Section 10, and section 1004(a)(3) of the FFIEC Act. The bill would also remove the words "having less than $10 billion in total assets" from the first undesignated paragraph of Section 10, which would change the statute's baseline wording about which banks are identified as community banks.
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
Sessions
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.
View on Congress.gov