I 
119TH CONGRESS 
1ST SESSION H. R. 6554 
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 super-
vising 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 
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 Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Community Bank Rep-
resentation Act’’. 
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SEC. 2. COMMUNITY BANK MEMBER OF THE BOARD OF 
GOVERNORS. 
(a) FEDERAL RESERVE ACT.—Section 10 of the Fed-
eral 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 following: ‘‘The Chairman shall select 
one member of the Board with demonstrated pri-
mary experience working in or supervising commu-
nity banks to develop policy recommendations for 
the Board regarding supervision and regulation of 
banking organizations supervised by the Board hav-
ing less than $17,000,000,000 in total assets, and to 
oversee the supervision and regulation of such bank-
ing organizations.’’; 
(3) in paragraph (12) (12 U.S.C. 247b)— 
(A) by striking ‘‘The Vice Chairman for 
Supervision’’ and inserting the following: 
‘‘(A) VICE CHAIRMAN FOR SUPERVISION.— 
The Vice Chairman for Supervision’’; 
(B) by striking ‘‘and at’’ and inserting 
‘‘at’’; and 
(C) by adding at the end the following: 
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‘‘(B) COMMUNITY
BANK
MEMBER.—The 
member of the Board with demonstrated pri-
mary experience working in or supervising com-
munity banks selected by the Chairman to de-
velop policy recommendations for the Board re-
garding supervision and regulation of banking 
organizations supervised by the Board having 
less than $17,000,000,000 in total assets, and 
to oversee the supervision and regulation of 
such banking organizations, if different than 
the Vice Chairman for Supervision, shall appear 
before the Committee on Banking, Housing, 
and Urban Affairs of the Senate and the Com-
mittee on Financial Services of the House of 
Representatives at semi-annual hearings re-
garding the efforts, activities, objectives, and 
plans of the Board with respect to the conduct 
of supervision and regulation of banking organi-
zations supervised by the Board having less 
than $17,000,000,000 in total assets.’’; and 
(4) by adding at the end the following: 
‘‘(13) MEMBER OF THE BOARD FOR COMMU-
NITY BANKS ANNUAL THRESHOLD ADJUSTMENT.— 
‘‘(A) IN GENERAL.—At the end of each 
year for which the nominal gross domestic prod-
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the Governor with demonstrated primary experience work-
ing in or supervising community banks selected by the 
Chairman of the Board to develop policy recommendations 
for the Board regarding supervision and regulation of 
banking organizations supervised by the Board having less 
than $17,000,000,000 in total assets, and to oversee the 
supervision and regulation of such banking organiza-
tions,’’. 
Æ 
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