hold on there's just too much going on in Congress lmao...
Reduces regulations for small banks and eases new bank formation.
Sponsored by Rep. French Hill (R-AR) with 32 cosponsors.
Reported by House Financial Services Committee, awaiting House vote.
This bill rolls back many post-2008 rules for banks under $15 billion in assets, makes it easier to start a new bank, and limits how regulators consider competition in small bank mergers. Sponsor Rep. Hill chairs the Financial Services subcommittee on oversight. The bill was amended and reported out of committee on April 20, 2026, meaning it is ready for debate by the full House.
Introduced Jan 7, 2026
This bill is under review by a committee. The committee holds hearings, gathers testimony from experts and stakeholders, and may propose amendments. If the committee votes to advance it, the bill moves to the full chamber for debate and a vote.
Small banks could take more reciprocal deposits (up to 50% of liabilities under $1B), potentially passing higher rates to customers. By exempting mergers under $10B from antitrust review, the bill could let local banks consolidate without competition checks, possibly reducing choices. New timelines would force regulators to finish exams in 270 days and respond to bank requests faster, which may cut wait times for loan approvals or new services.
Supporters Say
Supporters say cutting red tape helps community banks lend more and compete with big banks.
Critics Say
Critics argue it weakens oversight, risking bank failures and harming consumers.
Supporters, including the American Bankers Association, argue that existing rules are too costly for small banks and stifle lending to local businesses. Critics, such as consumer advocacy groups, worry that reducing exam frequency and removing competition checks could lead to riskier banking and more taxpayer-funded bailouts.