HR 6955
Main Street Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:12 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Main Street Act aims to modernize banking regulations to better support community banks and encourage the formation of new banks, particularly in rural areas. It proposes changes to bank formation processes, including phased-in capital requirements and streamlined application procedures. The bill also seeks to tailor regulations to the specific risk profiles and business models of banks, reduce regulatory burdens, and increase transparency in supervision and bank resolutions. Finally, it addresses regulatory accountability and aims to strengthen local bank funding.
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