Community Bank Deposit Access Act of 2025

Overview: Bill Number: HR 5317, Title: Community Bank Deposit Access Act of 2025, Status: Reported (Amended) by the Committee on Financial Services. H. Rept. 119-369., Introduced: September 11, 2025

Purpose and Intent: The main goal of this bill is to improve access to banking services for underserved communities by requiring large banks to provide basic deposit account services to community banks.

Key Provisions:
- Requires banks with over $50 billion in assets to offer deposit account services to community banks with less than $10 billion in assets.
- Prohibits large banks from denying or terminating deposit account services to eligible community banks without justification.
- Directs the Federal Reserve to establish regulations and oversight mechanisms to enforce the deposit account access requirements.

Affected Parties and Impacts:
- Community banks in underserved areas would have improved access to essential deposit services, enabling them to better serve their local customers.
- Consumers in underbanked communities would benefit from increased access to basic banking services through their local community banks.
- Large banks would be required to provide deposit account services to eligible community banks, potentially impacting their operations and revenue.

Procedural and Timeline Considerations:
The bill has been reported (amended) by the House Committee on Financial Services and is now awaiting a vote by the full House of Representatives.