Contact Congress about H.R. 6955: Main Street Capital Access Act

Small banks, credit unions, and new banks would get more room to grow. Regulators would face new deadlines for exams, appeals, and merger reviews. The bill also changes how failed banks and crisis actions get reviewed.

Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.

Main Street Capital Access Act is a Senate bill in committee. The latest recorded action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Latest action on H.R. 6955: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who this affects: This bill mainly affects small banks, credit unions, new banks, and rural financial institutions. It could lower some costs and make supervision more predictable for them. Federal bank regulators would also face new deadlines, reporting duties, and appeal processes. Customers and small businesses could feel the effects if these changes alter local credit, bank mergers, or failed-bank sales.

Why this matters: This bill matters because it changes the rules that shape local banking. Smaller banks and credit unions could spend less time and money on compliance and more on lending. Regulators would still watch for safety problems, but they would face stricter timelines and more review. The final effect would depend on how agencies carry out the bill and how banks respond.

Key provisions in H.R. 6955

• New insured banks and their parent companies would get three years to phase in federal capital rules. Regulators would also have to act faster on requests to change approved business plans.
• Rural community banks could use a lower leverage ratio during their first three years. The bank must have under $10 billion in assets and be in a defined rural area.
• The Office of the Comptroller of the Currency, Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, and other regulators would publish yearly application data. The data must include timing, denials, withdrawals, and common reasons for each.
• Federal agencies would study why few new banks are opening. They would also report within one year on how to help rural banks and credit unions grow and raise capital, and which federal rules hold back new rural institutions.
• The Community Bank Leverage Ratio program would cover banks up to $15 billion in assets instead of $10 billion. Regulators could set the ratio from 6% to 9%, instead of 8% to 10%.

How Modern Action helps you take action on H.R. 6955

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 6955

What is H.R. 6955?

Small banks, credit unions, and new banks would get more room to grow. Regulators would face new deadlines for exams, appeals, and merger reviews. The bill also changes how failed banks and crisis actions get reviewed.

How do I support or oppose H.R. 6955?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 6955?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

How does Modern Action help me act on H.R. 6955?

Modern Action gives you bill-specific context, lets you choose support, opposition, or changes, and drafts a message from your position and reasons.