"Community banks are the lifeline of our main streets, providing access to capital and partnerships that help small businesses thrive. My Community Bank Representation Act will ensure that banks of all sizes have a seat at the decision-making table, empowering them to put forward solutions to the challenges facing the community banking sector." - Congresswoman Monica De La Cruz

The legislation is supported by the Independent Bankers Association of Texas.

"Congress was intentional in providing a seat for a community banker on the Federal Reserve Board. The Community Bank Representation Act ensures that the seat is given due authority to guide FRB policy when it comes to the oversight of community banks. Thank you to Representative Monica De La Cruz for introducing the Community Bank Representation Act to protect and advance Congress's intent to give community banks a strong voice in financial regulation." - Christopher Williston,
President and CEO, Independent Bankers Association of Texas

Background:
The Community Bank Representation Act expands the role of the community bank representative on the Federal Reserve Board (FRB). This legislation authorizes the community bank representative on the FRB to oversee the supervision and regulation of community banks, offer policy recommendations to the FRB, testify twice a year before the Senate Banking Committee and House Financial Services Committee, and consult with the Governor designated by the Chairman of the FRB to serve on the Federal Financial Institutions Examination Council.

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