Community Bank Representation Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6554 Reported in House (RH)] <DOC> Union Calendar No. 458 119th CONGRESS 2d Session H. R. 6554 [Report No. 119-533] To amend the Federal Reserve Act to specify additional responsibilities of the member of the Board of Governors of the Federal Reserve System who was appointed as the member with experience working in or supervising community banks, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 10, 2025 Ms. De La Cruz introduced the following bill; which was referred to the Committee on Financial Services February 25, 2026 Additional sponsors: Mr. Williams of Texas, Mr. Sessions, and Mr. Nunn of Iowa February 25, 2026 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on December 10, 2025] _______________________________________________________________________ A BILL To amend the Federal Reserve Act to specify additional responsibilities of the member of the Board of Governors of the Federal Reserve System who was appointed as the member with experience working in or supervising community banks, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Community Bank Representation Act''. SEC. 2. COMMUNITY BANK MEMBER OF THE BOARD OF GOVERNORS. (a) Federal Reserve Act.--Section 10 of the Federal Reserve Act is amended-- (1) in the first undesignated paragraph (12 U.S.C. 241), by striking ``having less than $10,000,000,000 in total assets''; (2) in the second undesignated paragraph (12 U.S.C. 242), by inserting after ``regulation of such firms.'' the