Bill raises Fed's community bank threshold from $10 billion to $17 billion
Placed on the calendarH.R. 6554Latest action
Sponsor: Monica De La Cruz · Representative · TX
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Official title: Community Bank Representation Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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The bill raises the Fed's community bank asset threshold to $17 billion and adds new congressional testimony requirements.
45-second read · 4 questions answered below
What does this do?
This bill removes the $10 billion cap tied to the Federal Reserve Board member overseeing community banks and instead defines their role as covering banks with less than $17 billion in assets. It also raises the general "community bank" asset threshold from $10 billion to $17 billion and requires that figure to adjust automatically each year for economic growth. It further requires this Board member to testify before Congress twice yearly and be consulted by federal banking regulators.
Who does it affect?
Community banks and their regulators, the Federal Reserve Board of Governors, Congress (House Financial Services and Senate Banking Committees), and the Federal Financial Institutions Examination Council.
Why does it matter?
Raising the threshold means more banks would be classified as "community banks" and subject to this specialized oversight rather than rules designed for larger institutions, which could affect how local and regional banks are regulated.
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Where does it stand?
- IntroducedDec 10, 2025
- House committee
- House voteYou are here · Feb 25, 2026
- Senate
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Placed on the Union Calendar, Calendar No. 458.