After ICBA urged the House Financial Services Committee to vote yes on five pro-community bank bills during its two-day markup, the committee voted to advance all of the bills on day one.
Details: In its letter ahead of the markup, ICBA encouraged members of the committee to advance:
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H.R. 5577, the NFIP Extension Act of 2026, which would extend the National Flood Insurance Program until Sept. 30, 2026. The committee voted 53-0 to advance it.
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H.R. 6536, the Rural Depositories Revitalization Study Act, which would require the federal banking agencies to study improving the growth, capital adequacy, and profitability of rural depository institutions. The committee voted 50-0 to advance it.
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H.R. 6554, the Community Bank Representation Act, which would raise the asset threshold for the community bank seat on the Federal Reserve Board. The committee voted 29-22 to advance it.
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H.R. 6544, the Regulatory Efficiency, Verification, Itemization, and Enhanced Workflow (REVIEW) Act, which would amend the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to provide for agency review of regulatory impact every five years rather than every 10 years. The committee voted 30-23 to advance it.
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H.R. 6552, the Bank-Fintech Partnership Enhancement Act, which would require the federal banking agencies to study how partnerships between fintechs and banking organizations can support new banking organization formation and community bank health. The committee voted 53-0 to advance it.
Hill remarks: Committee Chairman French Hill (R-Ark.) said in his opening remarks that the committee is “advancing smart, pro-growth banking legislation that strengthens our banking system, expands access to credit, and reduces unnecessary regulatory burdens that drive up costs for families and small businesses.”