Community Bank Relief Act

This bill changes a federal law on debit card transaction fees, the Electronic Fund Transfer Act. It requires a dollar amount in that law, the asset size used to exempt smaller card issuers such as community banks from fee rules, to be adjusted for inflation. The Federal Reserve Board would first make a one-time increase based on consumer price growth from October 2009 to October 2025. After that, the amount would be adjusted by July 1, 2026, and by January 15 each year, using the yearly change in the Consumer Price Index.

Full text and official record on Congress.gov

Sponsors

• Andy Barr Republican sponsor
• 1 cosponsors