RELEASE: HOUSE PASSES HILL'S MAIN STREET CAPITAL ACCESS ACT

The U.S. House of Representatives yesterday passed H.R. 6955, Rep. French Hill's (AR-02) Main Street Capital Access Act, by a vote of 270-155-1. As Chairman of the House Financial Services Committee, Rep. Hill led the effort to pass the bill alongside Financial Institutions Subcommittee Chairman Andy Barr (KY-06). The bipartisan bill revitalizes local bank formation and ensures community lenders can focus on serving families, small businesses, and local economies, making life more affordable for Americans and empowering Main Street.

Rep. Hill said, "As a former community banker in central Arkansas, I know how important our Main Street banks are to our local economy. From growing cities like Conway to our smallest rural towns, community banks drive economic growth. Whether a young couple wants to open a coffee shop in downtown Little Rock, a local manufacturer is looking to expand in Jacksonville, or a farmer in White County needs a loan for a new combine, it's our local banks that step up.

"Yet for decades, Washington has forced these local banks to operate under rules written for the nation's largest institutions, stifling local lending, accelerating industry consolidation, and making big banks even bigger. This bill fixes that. It right-sizes regulations for our community banks, freeing them up to lend so entrepreneurs can invest, businesses can grow, and families can build wealth. It will spur new bank formation, increase competition, remove barriers to lending, and benefit communities from coast to coast."

Watch Chairman Hill's floor remarks here.

Click here for bill text.
Click here for a section-by-section.
Click here for a one-pager.

Further Background:

• On March 5, 2026, the Committee advanced the Main Street Capital Access Act by a vote of 26-16.
• On January 8, 2026, the Committee hosted a fireside chat for the introduction of the Main Street Capital Access Act.
• On January 7, 2026, Chairman Hill and Subcommittee Chairman Barr unveiled the Main Street Capital Access Act with every Committee Republican as an original co-sponsor. The Committee also hosted a press conference on the bill.
• The Committee held several hearings to develop the Main Street Capital Access Act:
  • On December 11, 2025, the Subcommittee on Financial Institutions held a hearing entitled "Right-Sizing the U.S. Bank Capital Framework: A Return to Tailoring, Economic Growth, and Competitiveness."
  • On September 5, 2025, the Subcommittee on Financial Institutions held a hearing entitled "Promoting the Health of the Banking Sector: Reforming Resolution and Broadening Funding Access for Long-Term Resilience."
  • On July 15, 2025, the Full Committee held a hearing entitled "Dodd-Frank Turns 15: Lessons Learned and the Road Ahead."
  • On May 14, 2025, the Subcommittee on Financial Institutions held a hearing entitled "Enhancing Competition: Shaping the Future of Bank Mergers and De Novo Formation."
  • On April 29, 2025, the Subcommittee on Financial Institutions held a hearing entitled "Regulatory Overreach: The Price Tag on American Prosperity."
  • On February 5, 2025, the Subcommittee on Financial Institutions held a hearing entitled "Make Community Banking Great Again."
• During the 118th Congress, on November 14, 2024, Chairman Hill released a set of principles which outlined his vision for invigorating community banking in America.