Bill would raise dollar thresholds in decades-old banking laws
Placed on the calendarH.R. 7056Latest action
Sponsor: Andy Barr · Representative · KY
AIDecoded by AI · checked against the recordRead the official text
Official title: Community Bank Regulatory Tailoring Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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The bill raises dollar thresholds across banking laws so more banks qualify for lighter regulation, with automatic updates starting in 2031.
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What does this do?
This bill raises dozens of dollar-based asset and transaction thresholds in federal banking laws, including the Bank Holding Company Act, Dodd-Frank Act, and Truth in Lending Act, among others. Starting in 2031 and every five years after, the Federal Reserve Board must automatically recalculate these thresholds based on U.S. economic growth since 2026, with new figures published and taking effect the following January.
Who does it affect?
This primarily affects banks, credit unions, and other financial institutions, especially small and mid-sized community banks. It could also indirectly affect bank customers and communities through changes to consumer protection and community lending rules, as well as regulators like the Federal Reserve, FDIC, and National Credit Union Administration.
Why does it matter?
Because thresholds were set decades ago and bank assets have grown with the economy, more institutions have come under rules originally meant for fewer, larger banks. Raising and periodically updating these thresholds shifts which institutions face certain compliance, reporting, or oversight requirements.
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Where does it stand?
- IntroducedJan 14, 2026
- House committee
- House voteYou are here · Mar 19, 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. 480.