Community Bank Relief Act

This bill changes the Electronic Fund Transfer Act section on debit card transaction fees. That law exempts card issuers below a set asset size (currently $10 billion) from federal limits on those fees. Before its first yearly update, the bill has the Federal Reserve Board raise this asset threshold by the inflation measured from October 2009 to October 2025. After that, the threshold would be adjusted each year, starting by July 1, 2026, and then by January 15 of every year. Each adjustment would follow the yearly increase in the Consumer Price Index for October.

Full text and official record on Congress.gov

Sponsors

• Ted Cruz Republican sponsor
• 1 cosponsors