The U.S. Financial Services Committee published an update on House passage of four committee bills. The measures would require the Secretary of the Treasury to mint commemorative coins for the 25th anniversary of the September 11 terrorist attacks, raise reciprocal deposit limits and expand eligibility for community banks, strengthen community bank access to deposit placement services, and direct federal banking and credit union regulators to streamline de novo application processes for smaller lenders. The House passed the 9/11 commemorative coin bill 415-0, the Keeping Deposits Local Act 405-0, the American Access to Banking Act 405-4, and the Community Bank Deposit Access Act 393-16. Under the committee’s description, the coin program would support programs at the National September 11 Memorial and Museum, while the banking bills would help local institutions keep deposits in their communities, compete for deposits, support local lending, and expand mortgage and financing access for first-time homebuyers, underserved communities, and rural and small-town economies.
U.S. Financial Services Committee2026-05-20
U.S. Financial Services Committee reports House passage of four bills on community bank deposits de novo applications and 9/11 commemorative coins
The U.S. Financial Services Committee reported House passage of four bills covering a 9/11 commemorative coin program and measures to expand community bank access to deposits and de novo charters. The coin bill would authorize the Secretary of the Treasury to mint coins supporting the National September 11 Memorial and Museum, while the banking bills would raise reciprocal deposit limits, broaden eligibility for community banks, and require federal banking and credit union regulators to streamline de novo application processes for smaller lenders.