NDBA - North Dakota Bankers Association
07/29/2026 | Press release | Distributed by Public on 07/29/2026 11:09
House Passes Main Street Capital Access Act
The House has passed the Main Street Capital Access Act by a 270-155 vote. The bill seeks to boost community banking through tailored regulation and by encouraging de novo bank formation.
Among its provisions, the bill would establish a three-year phase-in period for de novo financial institutions to meet federal capital requirements, a 90-day deadline for agencies to make decisions on bank merger and acquisition applications, and a new requirement for agencies to consider an institution's risk profile and business model when issuing new regulations and supervisory decisions.
The legislation now heads to the Senate.
To view the legislation, visit: https://www.congress.gov/bill/119th-congress/house-bill/6955
Among its provisions, the bill would establish a three-year phase-in period for de novo financial institutions to meet federal capital requirements, a 90-day deadline for agencies to make decisions on bank merger and acquisition applications, and a new requirement for agencies to consider an institution's risk profile and business model when issuing new regulations and supervisory decisions.
The legislation now heads to the Senate.
To view the legislation, visit: https://www.congress.gov/bill/119th-congress/house-bill/6955
NDBA - North Dakota Bankers Association published this content on July 29, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 29, 2026 at 17:09 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]