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Strengthening Local Bank Voice in Federal Reserve Regulation and Oversight.

This law increases the influence of small, local banks on US banking regulations. It assigns a specific Federal Reserve Board member to oversee and develop rules for banks with assets up to $17 billion, ensuring regulations are tailored to their needs. This aims to potentially make it easier for community banks to provide loans to small businesses and consumers, improving access to local financing.
Key points
Increased Representation: A Federal Reserve Board member with community banking experience is formally assigned supervisory duties over smaller banks.
Asset Threshold Raised: Banks with assets up to $17 billion (up from $10 billion) will fall under this specialized oversight, and this limit will be adjusted annually for economic growth (GDP).
Greater Accountability: The designated official must regularly report to Congress on their efforts regarding the regulation of local banks.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6554
Sponsor: Rep. De La Cruz, Monica [R-TX-15]
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Community Bank Representation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6554.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • Increased Representation: A Federal Reserve Board member with community banking experience is formally assigned supervisory duties over smaller banks.
  • Asset Threshold Raised: Banks with assets up to $17 billion (up from $10 billion) will fall under this specialized oversight, and this limit will be adjusted annually for economic growth (GDP).
  • Greater Accountability: The designated official must regularly report to Congress on their efforts regarding the regulation of local banks.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. De La Cruz, Monica [R-TX-15].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 22.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy