Requires a Federal Reserve leader to focus on and report about community banks.
This bill would give a specific leader on the Federal Reserve Board new duties to focus on community banks. This person would develop policy ideas and oversee rules for banks with less than $17 billion in assets. They would also report to Congress twice a year on their work for these banks.
Today, a Federal Reserve Board member is appointed with community bank experience, specifically for banks with less than $10 billion in assets. After this bill, the $10 billion asset limit for the appointment description would be removed. A specific Board member would be selected to focus on banks with less than $17 billion in assets, developing policies and overseeing their regulation. This selected member would also report to Congress twice a year, and the $17 billion limit would be adjusted annually based on economic growth.
HR 6554 · 119th Congress · December 10, 2025 · AI Summary by gemini-2.5-flash · 8/10
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4 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.