Washington, D.C. (May 13, 2026) — The Independent Community Bankers of America (ICBA) applauded the House of Representatives for its bipartisan passage of ICBA-advocated regulatory reforms that will help community banks meet the needs of local communities.
“ICBA and the nation’s community banks strongly support House passage of legislation advancing sensible regulatory relief that will help community banks direct more resources toward serving their customers and communities,” ICBA President and CEO Rebeca Romero Rainey said. “We thank House leadership and the House Financial Services Committee for prioritizing this bipartisan legislation and encourage the Senate to quickly pass it.”
The House passed the ICBA-advocated:
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Smart Act (H.R. 4437), which provides well-managed and well-capitalized financial institutions under $6 billion in assets with regulatory relief, such as alternating limited-scope examinations and a combined safety-and-soundness exam and consumer compliance exam.
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TRUST Act (H.R. 4478), which raises the consolidated asset threshold from $3 billion to $6 billion for banks to qualify for an 18-month examination cycle.
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Advancing the Mentor-Protégé Program for Small Financial Institutions Act (H.R. 3709), which would establish a Treasury Financial Agent program enabling partnerships between minority depository institutions, rural community banks, and other financial institutions.
This legislation includes policies advanced in ICBA’s open letter to the 119th Congress and in Romero Rainey’s testimony last year at the House Financial Services Committee’s first hearing of the 119th Congress. 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.