H.R. 6955

119th Congress

In Committee

Main Street Capital Access Act

Sponsored byRepublican:Rep. Hill, J. French [R-AR-2]AR· Introduced 7 January 2026
Open on Congress.gov

33

Cosponsors

22

Actions

1

Amendments

1

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

22 July 2026·1 day ago

Summary

Reported to House · Updated 20 July 2026

Main Street Capital Access Act or the Main Street Act

This bill lessens and otherwise modifies banking regulations, including those regarding institution formation, supervision by federal financial regulators, and bank merger requirements. 

Under the bill, new banks have a three-year phase-in period to meet certain capital requirements. The bill also reduces the leverage ratio for certain rural community banks.

Financial regulators must (1) tailor regulatory actions to limit burdens on financial institutions and must consider the institutions' risk profiles and business models, and (2) review their regulations more frequently and expand the scope of these reviews. 

The bill eases requirements regarding bank mergers, for example, by allowing financial regulators to approve certain bank mergers without considering if the merger is noncompetitive or monopolistic.

The bill increases the dollar asset thresholds for various fees, reporting requirements, and other regulatory requirements so that more financial companies and banks are exempt from these requirements. For example, the bill increases the total asset threshold above which financial holding companies need Federal Reserve Board approval to acquire a company, thereby allowing for more acquisitions without board approval. The bill also raises certain asset thresholds so as to allow additional small bank holding companies to operate with higher debt levels and additional small banks to qualify for a longer examination cycle.

The bill also provides flexibilities regarding the use of reciprocal deposits, the resolution of failed banks, and other regulated activities.  

Timeline

22 actions

  1. On passage Passed by the Yeas and Nays: 270 - 155, 1 Present (Roll no. 271).

    21 July 2026 · Floor

  2. POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 6955, the Chair put the question on motion to recommit and by voice vote, announced that the noes had prevailed. Ms. Garcia (TX) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

    21 July 2026 · Floor

  3. Motion to reconsider laid on the table Agreed to without objection.

    21 July 2026 · Floor

  4. The previous question was ordered pursuant to the rule.

    21 July 2026 · Floor

  5. Passed/agreed to in House: On passage Passed by the Yeas and Nays: 270 - 155, 1 Present (Roll no. 271).

    21 July 2026 · Floor

  6. Considered as unfinished business.

    21 July 2026 · Floor

  7. Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770.

    21 July 2026 · Floor

  8. The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.

    21 July 2026 · Floor

  9. Ms. Garcia (TX) moved to recommit to the Committee on Financial Services.

    21 July 2026 · Floor

  10. On motion to recommit Failed by the Yeas and Nays: 210 - 216 (Roll no. 270).

    21 July 2026 · Floor

  11. Considered under the provisions of rule H. Res. 1438.

    21 July 2026 · Floor

  12. DEBATE - The House proceeded with one hour of debate on H.R. 6955.

    21 July 2026 · Floor

  13. Rules Committee Resolution H. Res. 1438 Reported to House. Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit on H.R. 8800, H.R. 8884, H.R. 7008, H.R. 6955, and H.R. 9770.

    20 July 2026 · Floor

  14. Rules Committee Resolution H. Res. 1438 Reported to House. Rule provides for consideration of H.R. 8800, H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955 and H.R. 9770. The resolution provides for consideration of H.R. 8800 under a structured rule and for consideration of H.R. 8884, H. Con. Res. 113, H.R. 7008, H.R. 6955, and H.R. 9770 under a closed rule, with one hour of debate on each measure and one motion to recommit H.R. 8800, H.R. 8844, H.R. 7008, H.R. 6955, and H.R. 9770.

    20 July 2026 · Floor

  15. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-617.

    20 April 2026 · Committee

  16. Placed on the Union Calendar, Calendar No. 535.

    20 April 2026 · Calendars

  17. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-617.

    20 April 2026 · Committee

  18. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-617.

    20 April 2026 · Committee

  19. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-617.

    20 April 2026 · Committee

  20. Placed on the Union Calendar, Calendar No. 535.

    20 April 2026 · Calendars

2 earlier actionsView all on Congress.gov

Sponsorship

33 cosponsors

Sponsor

Republican:Rep. Hill, J. French [R-AR-2]AR

Cosponsors

  • Republican33100%

Classification

Policy area

Finance and Financial Sector

Legislative subjects

Accounting and auditingAdministrative law and regulatory proceduresAdministrative remediesAdvisory bodiesBank accounts, deposits, capitalBanking and financial institutions regulationBusiness ethicsBusiness recordsCongressional oversightConsumer Financial Protection BureauCorporate finance and managementCredit and credit markets

Committees

1

  • Financial Services Committee

    House · Standing

    • Referred To7 Jan 2026
    • Markup By4 Mar 2026
    • Reported By20 Apr 2026

Reports

Cosponsor momentum

Cumulative over time

Cosponsors grew from 29 on 7 January 2026 to 33 on 26 March 2026.

Amendments

1

Amendment details aren't available here.View all on Congress.gov
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