Main Street Act

Summary

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

House Committee on Financial Services · U.S. House of Representatives

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Cosponsors

Recorded votes

• Vote: On Passage

  U.S. HouseJul 21, 2026Result: Passed

  Voted yes (270)Voted no (155)Voted present (1)Absent (5)

  See member positions for the vote on Jul 21, 2026 (On Passage)

• Vote: On Motion to Recommit

  U.S. HouseJul 21, 2026Result: Failed

  Voted yes (210)Voted no (216)Voted present (0)Absent (5)

  See member positions for the vote on Jul 21, 2026 (On Motion to Recommit)

Related bills

• H.R. 940FAIR Exams ActRelated bill
• H.R. 975Credit Union Board Modernization ActRelated bill
• H.R. 1900Bank Failure Prevention Act of 2025Related bill
• H.R. 2702FIRM ActRelated bill
• H.R. 3234Keeping Deposits Local ActRelated bill

As identified by Congress.gov.

Full history

1. Jul 22, 2026

   Sent to the executive

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

   U.S. Senate

2. Jul 21, 2026

   Debate - the House Proceeded With One Hour of Debate on H.R. 6955.

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

   U.S. House of Representatives

3. Jul 21, 2026

   Passed a chamber

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

4. Jul 21, 2026

   Passed a chamber

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

5. Jul 21, 2026

   Passed a chamber

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

Read the record

• Read on Congress.gov (opens in a new tab) The official record on Congress.gov.