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HR7484119th CongressWALLET

Community Bank Relief Act

Sponsored By: Representative Barr, Andy [R-KY-6]

Introduced

Summary

Indexes a specified dollar amount in the Electronic Fund Transfer Act to inflation so the figure keeps pace with price changes. This bill would add an “Inflation adjustments” rule to 15 U.S.C. 1693o-2(a)(6) that directs the Board of Governors of the Federal Reserve System to adjust the named amount by the annual change in the Consumer Price Index for October. The first adjustment must happen by July 1, 2026. After that the Board would update the amount every January 15. Before the first scheduled annual update the Board would make a one-time increase equal to the change from October 2009 to October 2025 in the October CPI.

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Bill Overview

Analyzed Economic Effects

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

Card fee limit tied to inflation

This bill would tie a dollar limit used in card-fee rules to inflation. The Federal Reserve Board would make a one-time change based on October 2025 versus October 2009 CPI. The Board would make the first scheduled annual adjustment by July 1, 2026. After that, it would adjust the limit each year using the October CPI. Each year's change would be set by January 15. If enacted, card-using households would face larger allowable fees over time.

Sponsors & CoSponsors

Sponsor

Barr, Andy [R-KY-6]

KY • R

Cosponsors

  • Rep. Schmidt, Derek [R-KS-2]

    KS • R

    Sponsored 3/26/2026

Roll Call Votes

No roll call votes available for this bill.

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