H.R. 6955Heading to a voteJobs & the economy
Main Street Act would ease bank rules, speed up federal regulatory decisions
Data as of July 16, 2026
The Main Street Act would loosen bank oversight and speed up regulatory approvals, especially for small and rural banks.45-second read · 4 questions answered below
Decoded
What does this do?
The bill changes how federal agencies like the FDIC, Federal Reserve, and Comptroller of the Currency regulate banks, especially smaller and community banks. It gives new banks a three-year phase-in for capital requirements, sets faster approval deadlines with automatic approval if missed, raises asset thresholds for strict oversight, and creates new rules for faster, more standardized bank examinations plus an appeals office for disputed findings.
Who does it affect?
The bill mainly affects banks themselves, especially small, community, and rural banks and people starting new banks. It could also indirectly affect depositors, farmers, small business borrowers, and communities served by local banks.
Why does it matter?
Raising the thresholds for strict "too big to fail" oversight means some previously closely-watched banks would face lighter regulation, and faster, more automatic approval deadlines could reduce the time regulators have to scrutinize applications and mergers.
Where does it stand?
- Introduced
- House committee
- House vote — You are here
- Senate
- President's desk
Right now: it's headed for a House floor vote. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Main Street Act
- Introduced:
- January 7, 2026
- Latest action:
- July 20, 2026
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.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.