American Access to Banking Act (De Novo Institution Formation)
Current understanding
To be populated as evidence accumulates.
Evidence log
- 2026-04-20 — Main Street Act: cross-connection with main-street-capital-access-act: Both bills ease formation and early-stage capital requirements for new (de novo) banks, with HR6955 adding a phase-in of capital rules for newly chartered institutions. (novelty: 3)
- 2026-05-21 — American Access to Banking Act: Bill requires federal financial regulators (OCC, FDIC, Federal Reserve, NCUA) to review and streamline de novo depository and credit union charter applications, including provision of caseworker support, mentor matching with existing institutions, and review of capital-raising restrictions during the organizational phase. (novelty: 2)