"We applaud the House's passage of the Main Street Capital Access Act, which will allow America's banks to do even more to spur economic growth across the country. We commend Chairman French Hill, Subcommittee Chairman Andy Barr and Subcommittee Ranking Member Bill Foster for their hard work on this bipartisan legislation, which includes requirements to tailor regulation to a bank's size and complexity, focus supervision on material risks and encourage new bank formation. We urge the Senate to act on this bill so banks can better support their customers, clients and communities."
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About the American Bankers Association
The American Bankers Association is the voice of the nation's $26.1 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.5 trillion in deposits and extend $13.7 trillion in loans.