ICBA Commends House Financial Services Committee for Advancing Main Street Capital Access Act

Washington, D.C. (March 4, 2026) — The Independent Community Bankers of America (ICBA) today commended the House Financial Services Committee for advancing the Main Street Capital Access Act (H.R. 6955), ICBA-supported legislation to help community banks promote prosperity in local communities across the nation.

“ICBA strongly supports the Main Street Capital Access Act, which includes policies that will transform the regulatory environment to support community banking and economic growth in rural, suburban, and urban markets,” ICBA President and CEO Rebeca Romero Rainey said today. “We encourage the full House to take up and pass this critical legislation to amplify the value that community banks bring to local economies nationwide.”

The Main Street Capital Access Act includes ICBA-supported provisions to tailor regulations to the lower risk profile of community banks, ease excessive capital requirements, support the formation of new community banks, ensure fair reviews of agency examinations, support use of custodial and reciprocal deposits, require the appointment of an FDIC board member with experience in small depository institutions, modernize Federal Reserve's discount window lending programs, offer relief at the holding company level, promote bank-fintech partnerships, strengthen community development financial institution programs, and more.

Following Romero Rainey’s testimony last year at the committee’s first hearing of the 119th Congress, she joined committee Chairman French Hill (R-Ark.) and Financial Institutions Subcommittee Chairman Andy Barr (R-Ky.) following their introduction of H.R. 6955 earlier this year to discuss how the legislative package will support local communities.

The Main Street Capital Access Act contains many items advanced in ICBA’s open letter to the 119th Congress to ensure comprehensive reforms that address key policy challenges. ICBA looks forward to continuing to work with Congress and the administration to pass these important measures.

About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.