Failed in the House on July 22, 2026 · 210 Yea, 216 Nay, 5 Not Voting
Question: On Motion to Recommit: H R 6955 Main Street Act
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 financ…