Referred to the House Committee on Financial Services.
This bill (Community Bank Representation Act) amends the Federal Reserve Act to assign explicit responsibilities to the Board member appointed for experience with community banks. The Chairman must select one Board member with demonstrated community bank experience to develop policy recommendations and oversee supervision of banking organizations with less than $17,000,000,000 in total assets, working in consultation with the Vice Chairman for Supervision and similar Board members.
Progressives emphasize risk of weakened supervision and industry capture
Relative to its intended legislative type, this bill is a clearly focused statutory amendment that specifies new responsibilities for a Board member with community bank experience, raises and ties asset thresholds to nominal GDP, and adds a consultation/appearance requirement to existing structures.
This bill (Community Bank Representation Act) amends the Federal Reserve Act to assign explicit responsibilities to the Board member appointed for experience with community banks.
The Chairman must select one Board member with demonstrated community bank experience to develop policy recommendations and oversee supervision of banking organizations with less than $17,000,000,000 in total assets, working in consultation with the Vice Chairman for Supervision and similar Board members.
That community-bank member must appear at semi‑annual congressional hearings on supervision of those banks, and the bill requires annual nominal GDP adjustments to the dollar thresholds referenced.
Technocratic, low‑cost changes help chances, but supervisory policy shifts and threshold increases can generate substantive opposition in the Senate.
Relative to its intended legislative type, this bill is a clearly focused statutory amendment that specifies new responsibilities for a Board member with community bank experience, raises and ties asset thresholds to nominal GDP, and adds a consultation/appearance requirement to existing structures. It integrates the changes into named statutory provisions and prescribes a concrete adjustment mechanism.
Progressives emphasize risk of weakened supervision and industry capture
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize risk of weakened supervision and industry capture
Likely skeptical.
The persona will note better representation for smaller banks but worry the change could reduce regulatory rigor or enable industry influence.
They will seek stronger consumer and safety protections before supporting such a shift.
Cautiously favorable if implemented with safeguards.
The persona views improved subject-matter expertise and structured oversight positively but wants guardrails against politicization and unclear effects on regulatory outcomes.
Supportive.
The persona views the bill as empowering community banks, reducing one-size-fits-all supervision, and increasing practical representation on the Board.
They welcome thresholds that broaden the scope of community-bank-focused oversight.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technocratic, low‑cost changes help chances, but supervisory policy shifts and threshold increases can generate substantive opposition in the Senate.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize risk of weakened supervision and industry capture
Technocratic, low‑cost changes help chances, but supervisory policy shifts and threshold increases can generate substantive opposition in t…
Relative to its intended legislative type, this bill is a clearly focused statutory amendment that specifies new responsibilities for a Board member with community bank experience, raises and ties asset thresholds to no…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.