Updates financial rules for banks and credit unions to match current economic size.
This bill would update many dollar amounts in banking laws, which decide how different financial institutions are regulated. These changes would mean that more community banks and credit unions would fall under less strict rules, reflecting their current size in the economy. It also sets up a system for these thresholds to be updated automatically every five years based on economic growth.
Today, many financial laws have dollar limits that determine which regulations apply to banks and credit unions. These limits have not kept pace with economic growth, meaning rules designed for larger institutions can sometimes apply to smaller, community-focused ones. If this bill becomes law, these dollar limits would be significantly increased across many financial acts, and they would be automatically updated every five years based on the U.S. economy's size.
HR 7056 · 119th Congress · January 14, 2026 · AI Summary by gemini-2.5-flash · 8/10
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17 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.