Community Bank Representation Act
Sponsors
Legislative Progress
ReportedMs. De La Cruz introduced the following bill; which was …
Summary
What This Bill Does
This bill strengthens representation for community banks at the Federal Reserve by requiring the Fed Chairman to designate a Board member with community banking experience to oversee banks with less than $17 billion in assets. It raises the community bank threshold from $10 billion to $17 billion and ties future adjustments to GDP growth.
Who Benefits and How
Community banks with under $17 billion in assets benefit from having a dedicated advocate on the Federal Reserve Board who understands their unique challenges and can shape regulations tailored to smaller institutions. Banks between $10-17 billion in assets particularly benefit as they are newly classified under the community bank umbrella, potentially facing lighter regulatory scrutiny. Rural communities and underserved areas may benefit from healthier local banks that serve their needs.
Who Bears the Burden and How
The Federal Reserve Board gains additional administrative responsibilities, including designating a community bank-focused member and conducting semi-annual Congressional testimony on community bank supervision. The Federal Financial Institutions Examination Council must also coordinate with this new designated Governor.
Key Provisions
- Requires the Fed Chairman to select a Board member with community banking experience to oversee small bank regulation
- Raises the asset threshold for community bank classification from $10 billion to $17 billion
- Mandates semi-annual Congressional testimony on community bank supervision efforts
- Creates automatic annual adjustments to the threshold based on GDP growth
- Requires coordination with the Federal Financial Institutions Examination Council
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
To strengthen the representation and oversight role of community banks on the Federal Reserve Board by designating a Board member with community banking experience to develop policy recommendations and oversee supervision of banking organizations with less than $17 billion in assets.
Policy Domains
Legislative Strategy
"Elevate community bank representation at the Federal Reserve by creating a dedicated oversight role and raising the asset threshold for community bank classification, with automatic inflation adjustments tied to GDP growth"
Likely Beneficiaries
- Community banks with assets under $17 billion
- Regional and small banking institutions
- Rural banking customers and communities
Likely Burden Bearers
- Federal Reserve Board (additional administrative and reporting requirements)
- Potentially larger banks that may face relatively less favorable regulatory attention
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_board"
- → Board of Governors of the Federal Reserve System
- "the_chairman"
- → Chairman of the Federal Reserve Board
- "community_bank_member"
- → Board member with demonstrated primary experience working in or supervising community banks
- "the_vice_chairman_for_supervision"
- → Vice Chairman for Supervision of the Federal Reserve
Key Definitions
Terms defined in this bill
Banking organizations supervised by the Board having less than $17,000,000,000 in total assets (raised from previous $10,000,000,000 threshold)
A year for which the nominal gross domestic product of the United States increases
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology