# H.R. 6955 (119th): Main Street Capital Access Act or the Main Street Act

Main Street Capital Access Act or the Main Street Act This bill lessens and otherwise modifies banking regulations, including those regarding institution formation, supervision by federal financial regulators, and bank merger requirements. Under the bill, new banks have a three-year phase-in period to meet certain capital requirements. The bill also reduces the leverage ratio for certain rural community banks. Financial regulators must (1) tailor regulatory actions to limit burdens on financial institutions and must consider the institutions' risk profiles and business models, and (2) review their regulations more frequently and expand the scope of these reviews. The bill eases requirements regarding bank mergers, for example, by allowing financial regulators to approve certain bank mergers without considering if the merger is noncompetitive or monopolistic. The bill increases the dollar asset thresholds for various fees, reporting requirements, and other regulatory requirements so that more financial companies and banks are exempt from these requirements. For example, the bill increases the total asset threshold above which financial holding companies need Federal Reserve Board approval to acquire a company, thereby allowing for more acquisitions without board approval. The bill also raises certain asset thresholds so as to allow additional small bank holding companies to operate with higher debt levels and additional small banks to qualify for a longer examination cycle. The bill also provides flexibilities regarding the use of reciprocal deposits, the resolution of failed banks, and other regulated activities.

## How this bill is scored

Tier: no Tier 1 record. A bill with no record cannot newly become Tier 1.
Lane: bank_mergers. Category: not stored. Lane tag: not stored.
Lane: banking. Category: not stored. Lane tag: not stored.
Lane: debt_spending. Category: honest_money. Lane tag: prudential.
Lane: deregulation. Category: not stored. Lane tag: not stored.
Lane: financial_regulation. Category: not stored. Lane tag: not stored.
Lane: rural_banks. Category: not stored. Lane tag: not stored.
Lane: unclear. Category: not stored. Lane tag: not stored.
Tier 1 sign-off: no record. A bill with no record cannot newly become Tier 1.
Stored polarity: mixed. Only tags the rules mark scoreable on a mixed bill are scored. A yea can draw a penalty or a credit according to the tag. A nay on a tag scored as good can draw a penalty.
Roll 271: On Passage. Vote type: final_passage.
Roll 270: On Motion to Recommit. Vote type: recommit.
Polarity rationale: Reviewed enrichment (llm_import) polarity: The bill combines plausible prudential goods, such as reducing compliance burdens on small and rural institutions and tailoring supervision, with real concerns about weakened merger scrutiny and reduced oversight of larger firms. It does not directly advance a named moral harm, and it does not clearly defend justice against one, so mixed is the prudent classification.
Theological note: The bill raises stewardship and justice concerns about how credit, competition, and depositor protection are balanced, especially the removal of antitrust-style merger review and the expansion of exemptions from prudential oversight. It also raises the value of honest dealing, proportionate regulation, and support for rural and small institutions. These are issues of prudential judgment about economic order rather than a direct advancement of a named moral evil.

## Recorded votes

Roll 271: On Passage. Yea 270 · Nay 155 · Other 6.
Roll 270: On Motion to Recommit. Yea 210 · Nay 216 · Other 5.

HTML: https://justmeasure.org/bill/hr-6955-119/